Transport firm owners' squabbles drag on

Published October 20, 2021, 5:31 PM

by Emmie V. Abadilla

Vallacar Transit Inc_

The courtroom battle of the Yanson family, who are squabbling for control of Vallacar Transit Inc. (VTI) and its sister bus companies, drags on. One faction filed new charges of falsification and perjury against the Yanson 4 siblings and their lawyer Atty. Anna Isabella C. Galvez.

In twin Resolutions dated March 15, 2021, the DOJ-Manila found probable cause for 5 counts of falsification and 5 counts of perjury against Emily V. Yanson.

She is one of the members of the Y4 faction which includes Roy Yanson, Celina Lopez and Ricardo Yanson Jr.

The other Yanson faction consists of the Yanson matriarch and incumbent Corporate Secretary and Treasurer Olivia V. Yanson, incumbent President Leo Rey Yanson and daughter Ginnette Y. Dumancas.

The DOJ-Manila found that “mere inheritance of shares of stocks does not make a person a stockholder”.

Emily failed to show any certificate of stock of RTMI and BEI, two bus companies under the Yanson Group.

The court concluded that “the mere inclusion of her name in the GIS (General Information Sheet) of the corporation does not immediately make her a stockholder.

Thus, her sudden inclusion in the list of stockholders in the GIS is unfounded and unsound”.

The removal of complainant Olivia as a stockholder of BEI/RTMI and as a member of its Board of Directors, was also flawed.

“This can only be reflected in the stocks and transfer book (STB) of BEI/RTMI.”

The cases involving the GIS of BEI are now pending before the Bacolod Municipal Trial Court.

The court issued 6 separate Warrants of Arrest against Emily Yanson but the warrants could not be served since Emily, together with Roy Yanson, Celina Lopez and Ricardo Yanson Jr., reportedly left the country on March 7, 2020.

One of the Y4’s lawyers, Atty. Galvez of Fortun Narvasa and Salazar Law Office, was also indicted for 1 count of falsification and 1 count of perjury.

The Makati City Prosecutor also held that “as a lawyer she knows that she could be held liable for perjury by not declaring the truth.”

“And yet, she made a statement in said GIS, under the guise of good faith, that Celina is the president, Roy, Emily and Ricardo as corporate officers, while Atty. Narvasa, as VP for Legal and she as assistant corporate secretary when she knew for a fact that the true president is Leo Rey and Emily is not even a stockholder and not even one of the Y4 is an officer of VTI.”

Both DOJ-Manila and Makati City Prosecutor agreed that mere inclusion of one’s name in a GIS does not automatically make one a stockholder of a corporation.

With these recent resolutions, the opposing camp maintains that the Yanson 4’s claim as the majority owners of the Yanson bus companies have been refuted.

 
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