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Dennis Uy denies investing in Smartmatic-TIM



There is no real truth to the claims that Udenna Group or its chairman, Mr. Dennis Uy, has bought a local IT company from the name of TIM, &; said Udenna Corporation, Adel Tamano

Published 3:20 PM, May 16, 2019

Updated 3:20 PM, May 16, 2019

NO. The businessman Dennis Uy denies investing in Smartmatic-TIM. Photo by Angie de Silva / Rappler

NO. The businessman Dennis Uy denies investing in Smartmatic-TIM. Photo by Angie de Silva / Rappler

MANILA, Philippines – Davao City businessman denied Dennis Uy claims he had invested in Smartmatic and his local partner Total Information Management Corporation (TIM).

A number of Uy's social media posts were accused of investing in both companies to claim that they were handling the outcome of the 2019 elections.

Smartmatic-TIM is the joint venture that provided the counting machines (VCMs) used in the automated surveys.

In a Facebook post on Tuesday, May 14, artist Lia Torralba quoted "IT expert" as saying that Uy "scrambled to buy" TIM at the end of 2018. The election was scammed into the post, which said "the Comelec servers (Commission on Elections) are located in one of the TIM data centers."

"There is no real truth to the claims that Udenna Group or its chairman, Mr Dennis Uy, has bought a local IT company called the TIM," said Adel Tamano, spokesman for Udenna Corporation, on Thursday, 16 May.

Tamano said that Uy was taking the allegations "seriously."

"[W]d instructed our security and legal teams to investigate this issue, specifically on who the people are making these ridiculous claims. We are considering filing civil and / or criminal cases, if necessary, to protect Mr Dennis Uy's reputation and Udenna Group, "he added.

TIM is a Filipino-owned technology solutions company in Makati City, according to its company's website.

Meanwhile, Smartmatic is a company owned by Venezuelan who has experience of bringing VCMs to other countries.

Uy is known to be an ally of President Rodrigo Duterte, having contributed P30 million to his campaign in 2016. (READ: How to grow a business, according to Dennis Uy) t – Rappler.com

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