💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Smartmatic executives charged with bribing Philippine official for voting tech contracts

Published 08/09/2024, 02:49 PM
Updated 08/09/2024, 04:35 PM
© Reuters. FILE PHOTO: The corporate logo of Smartmatic is seen at its offices in Caracas, Venezuela August 2, 2017. REUTERS/Christian Veron/File Photo

By Jack Queen

(Reuters) -Three executives of voting technology company Smartmatic have been charged with funneling $1 million in bribes to a former Philippine election official to secure the country’s business, according to U.S. federal prosecutors in Florida.

Smartmatic's president and co-founder, Roger Alejandro Pinate Martinez, 49, and two co-defendants were charged with foreign bribery and money laundering alongside a former chairman of the Philippine Commission on Elections, the U.S. Department of Justice said on Thursday.

Smartmatic was not charged and is not accused of wrongdoing. It said in a statement the indicted employees have been placed on leave.

"No voter fraud has been alleged and Smartmatic is not indicted," the statement said.

Lawyers for the defendants could not immediately be identified.

The indictment comes as Smartmatic is suing Fox Corp and conservative commentators for billions of dollars in damages for allegedly defaming it with false claims that its machines rigged the 2020 U.S. presidential election.

It is unclear how the indictment could affect those cases, but Fox could try to use evidence from the criminal case to bolster its defense.

Federal prosecutors said in a press release that Pinate conspired with two other Smartmatic executives to pay $1 million in bribes to Juan Andres Donato Bautista, 60, the former chairman of the Philippine Commission on Elections, or COMELEC.

Prosecutors said the bribes were paid through a slush fund created by over-invoicing voting machine costs for the 2016 Philippine elections and then disguised in financial documents using coded language.

Bautista served on COMELEC from 2015 to 2017, according to the agency’s website. A representative did not immediately respond to a request for comment.

Smartmatic is suing Fox News for $2.7 billion in damages for allegedly defaming it with coverage claiming its voting machines may have helped rig the 2020 U.S. election against then-President Donald Trump and in favor of Joe Biden, who won.

© Reuters. FILE PHOTO: The corporate logo of Smartmatic is seen at its offices in Caracas, Venezuela August 2, 2017. REUTERS/Christian Veron/File Photo

Fox has denied the allegations, saying its coverage of newsworthy allegations against Smartmatic was fair and protected by the First Amendment of the U.S. Constitution.

The network settled a similar lawsuit by voting machine company Dominion Voting Systems for $787.5 million in April 2023.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.