THE Udenna Group has denied buying Total Information Management Corp. (TIM) and investing in Smartmatic.

“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,” lawyer Adel Tamano, spokesman for the Udenna Group, said on Thursday, May 16.

Tamano said the statement was issued to refute claims in various social media forums that Uy had purchased TIM to affect the outcome of the midterm elections.

TIM is reported to be the local partner of Smartmatic, which provided the machines for the automated elections.

“As law-abiding citizens who respect the democratic electoral process, we take these allegations very seriously. In fact, we have instructed our security and legal teams to investigate this matter, specifically on who the persons making these ridiculous claims are,” Tamano said.

He added that they are considering filing civil and criminal cases “to protect the reputation of Mr. Dennis Uy and the Udenna Group.”

TIM, according to its website, is part of the Zenutna Group of Companies and is a 100-percent Filipino-owned technology solutions company based in Makati City.

Smartmatic is a Venezuelan-owned company specializing in technology solutions for governments producing electronic voting systems, smart cities solutions and identity management sytems for civil registrations. (MEA from PR)