Inquirer
QC prosecutor junks estafa case filed by GMA against TAPE executives
Quezon City prosecutors have dismissed the estafa complaint filed by GMA Network against officers of TAPE Inc. for alleged misappropriation of P37 million.
The dismissal was issued by the QC Office of the City Prosecutor (OCP) on October 8, citing failure to establish prima facie evidence for conviction.
The OCP stated that TAPE Inc., not the individual respondents, was the party to the agreement with GMA Network.
The omission of TAPE Inc. to remit the P37,941,352.56 was deemed a breach of contract, making TAPE Inc. liable.
GMA Network itself acknowledged in its demand letter that it could only pursue civil cases for breach of contract and collection against TAPE Inc.
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