TAPE subpoenaed for P37.9M estafa by GMA
The Quezon City Prosecutor's Office has issued a subpoena for TAPE executives to attend mediation sessions regarding a P37.9 million estafa complaint filed by GMA Network.
TAPE received the subpoena on May 23, after the first scheduled mediation session on May 22, and missed that session due to lack of prior notice.
Respondents are required to attend mandatory mediation conferences under Department Circular No. 031 s. 2023, which aims to resolve disputes through alternative means before formal proceedings.
GMA accuses TAPE of estafa through abuse of confidence and misuse of funds for operating expenses collected from clients via a 2023 Assignment Agreement with GMA Network.
TAPE's legal counsel stated that the company will attend the second mediation conference on May 29 and may discuss an offer of settlement with its board of directors.
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