BACOLOD

Emily Yanson files appeal with DOJ

EMILY Yanson, one of the siblings of the Yanson family that owns Vallacar Transit, Inc. (VTI), has filed an appeal before the Department of Justice on the falsification and perjury complaints filed by her brother, Leo Rey, and mother, Olivia Yanson.

The appeal filed by Emily showed official records in the files of the Securities and Exchange Commission that confirm she was the corporate secretary and director of VTI from the years 2016 to 2019. It alleged admissions made by Leo Rey and sister, Ginette Dumancas, in company documents, Lawyer Carlo Joaquin Narvasa, legal counsel of Roy, Emily, Ricardo Jr. and Celina Yanson Lopez or the "Yanson 4" said.

"This is one in a string of cases filed by the minority faction of Leo Rey and his supporters after their takeover without any court order of the Mansilingan head office of VTI, which was then managed by the Y4 Yanson 4), " Narvasa said.

"This nuisance suit was done to consolidate Leo Rey’s control over the bus company despite the pendency of an intra-corporate case that he filed, now pending with the Bacolod RTC," Narvasa added.

"Leo Rey, who was VTI’s president up until his ouster in July 2019 by the Y4, consented to and allowed these official documents to be filed by Emily with the SEC. He agreed to everything that was reported until he turned about and now questions Emily’s shares and actions as VTI corporate secretary while he was its President," Narvasa further said.

He also explained that Y4 asserts that Leo Rey cannot anymore claim that Emily was not a stockholder and secretary of VTI "as he was its chairman and president when those official documents were submitted to the SEC."

"He accepted and was quiet about it from 2016 to 2019 and he alone had command responsibility and bore the duty to ensure the correctness of actions taken by his officers, including reports done before that government regulatory agency by Emily for the past four years," he said.

Narvasa pointed out that Olivia was no longer a shareholder of VTI since 2015 when she signed an extrajudicial settlement of the estate of her late husband, Ricardo Sr., and relinquished her shares in favor of her children. This fact is plain in admissions made in court by Ginette herself.

Ricardo Yanson, Jr., Emily's brother, was elected as VTI’s corporate secretary at the annual stockholders’ meeting of the company conducted in December 2019.


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