SOLAR Entertainment Corp. has filed a complaint for estafa against directors and officers of ABS-CBN.
A disclosure filed by ABS-CBN with the Philippine Stock Exchange stated that the case, which was filed before the Office of the City Prosecutor of Makati City, is related to the civil case for damages filed by Solar against ABS-CBN in connection with their joint license agreement for the NBA games.
“ABS-CBN believes that the criminal complaint, like the civil complaint has no legal and factual basis, and is being used as a tool for harassment.
ABS-CBN will take appropriate legal action to hold Solar responsible for this unfounded action,” the company said in its disclosure. (MEA)