CAGAYAN DE ORO

Leo Rey Yanson still in control of country's largest bus company

LEO Rey Yanson, the youngest of the six Yanson siblings, was reelected as chairman and president of Rural Transit Mindanao Inc. (RTMI), the largest bus transport company in the country.

On Wednesday, February 10, 2021, the RTMI held its annual stockholders' meeting, re-appointing Olivia Yanson, Leo Rey Yanson, Charles Dumancas, Rey Ardo, Anita Chua, and Daniel Golez as members of RTMI's Board of Directors.

Leo Rey, as the reelected chair of the company, assured the riding public that RTMI will remain "strong and resilient" despite the challenges they faced during the pandemic, adding that they will continue to provide the most reliable means of public transportation for all.

According to a press statement of the RTMI, stockholders Roy Yanson, Ricardo Yanson Jr., Ma. Lourdes Celina Lopez, Ma. Susan Yanson, and Juan Manuel Lopez were absent despite the proper and timely notice.

The bus company further stated that they believe Roy, Celina and Ricardo are unable to attend the meeting because they are hiding abroad as "fugitives from justice" together with their sister, Emily Yanson.

The four Yanson siblings, who are also known as Y4, have outstanding warrants of arrest for carnapping and for grave coercion issued by the courts of Bacolod City.

Warrants of arrest have also been issued against Emily for the crimes of perjury and falsification of Vallacar Transit Inc.'s (VTI's) general information sheets (GIS). It is for those same questionable GISes that are being used by Y4 to claim their majority ownership of VTI.


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