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Manila Bulletin devider Entertainment devider Movies and TV devider Spokesperson says TAPE has not received copy of estafa complaint by GMA Network

Spokesperson says TAPE has not received copy of estafa complaint by GMA Network

Published May 22, 2025 05:13 pm

At A Glance

  • According to 
The company logo of TAPE (Photo from TAPE / file photo)
The company logo of TAPE (Photo from TAPE / file photo)

Lawyer Maggie Abraham-Garduque, spokesperson for TAPE Inc., said the company has not received a copy of the reported estafa complaint filed by GMA Network.

She also said that there is no record of the complaint with the city prosecutor’s office. 
“I called TAPE about the article published at GMA News but they did not know anything about it. I directed one of the alleged respondents in said case to go to the Office of the City Prosecutor of Quezon City to check on the case but she was informed that no case was filed against them by GMA. Thus, they were surprised of said news article,” she said. 
She added, “Anyway, TAPE has not received any copy of the complaint filed against them. They will issue a statement as soon as they receive a copy of the complaint, if indeed there is. Rest assured that they will follow and respect the legal proceedings.”

In a statement, GMA said it filed a complaint for estafa against the officers of TAPE for allegedly misappropriating P37,941,352.56 in advertising revenues.

It said the complaint was filed with the Office of the City Prosecutor of Quezon City.

Supposedly named in the complaint were Romeo Jalosjos Jr. (former TAPE president and CEO), Romeo Jalosjos Sr. (chairman of the board), Seth Frederick "Bullet" Jalosjos (treasurer), Malou Choa-Fagar (former COO and current president and CEO), Michaela Magtoto (former senior vice president for finance), and Zenaida Buenavista (finance consultant).

GMA alleged that TAPE failed “to remit advertising revenues collected from clients, which had been contractually assigned to GMA Network under a 2023 Assignment Agreement. Despite multiple formal demands, the funds were not transferred to GMA because they were instead used for TAPE's operational expenses, in violation of the trust arrangement outlined in the agreement.”

“GMA Network is pursuing legal action to hold the responsible officers accountable and to recover the misappropriated amount,” it said. 

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