MANILA -- Businessman Dennis Uy’s Udenna Group flatly denied that it has invested into a consortium that provided the vote counting machines for the recently concluded mid-term elections.
The company said it does not have any links with the joint venture of multinational firm Smartmatic and its local partner Total Information Management (TIM).
"There is absolutely no truth to the allegations that the Udenna Group or its Chairman, Mr. Dennis Uy, purchased a local IT company called TIM,” Udenna Group spokesperson Adel Tamano said in a disclosure to the stock exchange, amid claims on social media that the company had bought TIM to manipulate the results of the elections.
Udenna has instructed its security and legal teams to investigate the persons linking the company to Smartmatic-TIM, he added.
“We are considering filing civil and/or criminal cases, if necessary, to protect the reputation of Mr. Dennis Uy and the Udenna Group,” Tamano said.
Smartmatic is a Venezuelan-based technology firm, which has expertise in providing electronic vote counting machines in various countries worldwide.
Meanwhile, TIM is a company based in Makati City, which provides technology solutions to such sectors as banking, media, retail, IT services, telco, among others. (PNA)
