MANILA -- Businessman Dennis Uy's Udenna Group on Thursday said it had no links to a consortium that provided vote-counting machines used in midterm elections held this week.
Chelsea Logistics Holdings, a Udenna company, issued the denial to the stock exchange in response to claims on social media that it had ties with multinational firm Smartmatic and its Filipino partner, Total Information Management.
"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," Udenna spokesman Adel Tamano said in the disclosure.
Some social media users claimed that the results of the midterm polls were manipulated to favor administration candidates. The Commission on Elections earlier denied these allegations.
Udenna said it instructed its security and legal teams to investigate the persons linking the group to Smartmatic-TIM.
"We are considering filing civil and/or criminal cases, if necessary, to protect the reputation of Mr. Dennis Uy and the Udenna Group," the company said.