Dennis Uy wants P200 million from ABS-CBN for reporting on the Malampaya deal

Dennis Uy, a Bilyonaryo, asks ABS-CBN to pay him P200 million in damages for doing its job and reporting on his company’s purchase of Chevron’s interest in the Malampaya Has project, which he called a “strictly private transaction.”

Uy said he suffered “reputational damage” as a result of two pieces on the deal published on ABS-news CBN’s website, according to a 12-page cyberlibel complaint filed with the Davao City Prosecutor’s Office on November 25, 2021.

“My public reputation and good standing in the business community here and overseas, which I built over many years of work and expenditure, were harmed. “It would take years for me to recover from that brand harm,” said Uy, who was a major campaign donor for President Rodrigo Duterte in 2016.

In a January 13 story, ABS-CBN stated that it received Uy’s complaint on January 10, 2022. ABS-CBN President and Chief Executive Officer Carlo Katigbak, news executive Lynda Jumilla, and reporter Anjo Bagaoisan, who published the pieces on the Malampaya transaction, are named as respondents in the lawsuit.

The publications cited in Uy’s lawsuit were about a graft charge brought by a group of private individuals over Chevron’s stake in the Malampaya gas project being sold to Uy’s Udenna Corporation.

According to Uy, the transaction complied with the Anti-Graft and Corrupt Practices Act.

“The share purchase between Udenna and Chevron was a totally private transaction.” “There was no impact on the government,” he claimed.

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