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Alliance Select says 'not a party' in fraud case

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ABS-CBN News

MANILA - (UPDATED) Canning firm Alliance Select said Monday it was not a party to a fraud case against former executives of the firm and that the case would not affect the company&#x27;s performance.The respondents in the case, Jonathan Dee, Alvin Dee, Joanna Dee-Laurel, Teresita Ladanga, Grace Dogillo, Arak Ratborihan and George SyCip, are &quot;currently not executives, directors or officers&quot; of Alliance Select Foods International Inc (ASFII), the company said in a statement.The respondents &quot;held various posts in Alliance in the past&quot; and Alliance &quot;has been operated by, new management for several years already,&quot; it said.&quot;While the outcome of the alleged case will not affect or disturb the Company’s performance and operations, ASFII understands that the resolution, mentioned in the article, signifies the commencement of trial on the merits; any final determination of fault or criminal liability therefore is yet premature,&quot; the company added. In a separate statement, Jonathan Dee said he, Alvin Dee and Joanna Dee-Laurel had already posted bail with the court, and were hopeful of a speedy dismissal of the case.&quot;We are confident that the facts will bear out our innocence, and that this will hopefully lead to the eventual dismissal of the complaint,&quot; Jonathan Dee said.He also denied allegations the funds invested in the company had been involved in illegal transactionsAlliance said its revenues rose 35 percent in 2018 to $97 million, with net income before tax up 521 percent to $3.5 million.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/21/19/new-arrest-warrants-out-vs-washington-sycips-son-6-others-over-estafa">New arrest warrants out vs Washington SyCip&#x27;s son, 6 others over estafa</a></li></ul>

Canning firm Alliance Select said Monday it was not a party to a fraud case against former executives of the firm and that the case would not affect the company's performance.

Canning firm Alliance Select said Monday it was not a party to a fraud case against former executives of the firm and that the case would not affect the company's performance.