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By Francis Earl A. Cueto, Reporter
THE multi-million estafa case against a director
of Team Image Entertainment will push through after the Parañaque
trial court junked his petition over the weekend to dismiss the
charges slapped against him by the Department of Justice (DOJ).
Felix Sia-Co, director at the Team Image
Entertainment and former executive of Maximedia International,
failed to convince the Parañaque Regional Trial Court to overturn
the estafa case lodged against him by the DOJ after he reportedly
defrauded another media entity, Solar Entertainment, of some P2.2
million.
Parañaque Assistant City Prosecutor Renato
Garcia found Sia-Co guilty of the crime as charged by William Tieng,
owner of Solar Entertainment, before the justice department.
The case arose after Sia-Co reportedly failed to
remit the money he owed Solar Entertainment. He was being asked to
cough up the payment for a business which Solar and Team Image
entered into sometime in 1997.
Court records showed that after repeated demands
from Solar, Sia-Co reportedly issued a check worth P 2,255,344.59 to
cover his outstanding obligation to Solar Entertainment, but the
check bounced after Co failed to fill his account.
Solar Entertainment later learned from UCPB that
Sia Co’s check was stale dated, a direct violation of BP 22
(Bouncing Check Law) and Article 315 (2d) of the Revised Penal Code.
The case has been filed as Criminal Case No.
07-1235 before the sala of Judge Dodong Madrano of the Parañaque
RTC branch 274.
Another estafa case, Criminal Case No. 07-1236,
has been filed against Sia-Co by Tieng for P600,000 for a loan that
Sia-Co obtained from Solar.
In exchange for the receipt of the loan, Sia-Co
reportedly issued a post-dated check covering the amount of the
loan. When Solar deposited the check with UCPB, it was subsequently
returned by UCPB for being “stale dated.”
Aside from these cases filed before the Parañaque
court, Sia-Co also faces another case before RTC Makati Branch 59,
against the Bank of the Philippine Islands (BPI).
Sia-Co reportedly failed to pay more than
P730,000 of his credit card loans secured from BPI.
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