Yanson Group squabble is on

Vallacar Transit

Courts confirmed the warrant of arrest for Emily Yanson, a member of the faction of the squabbling owners of the Yanson Group of Bus Companies but it could not be served because she is out of the country.

A couple of courts in Bacolod City and Cagayan de Oro City affirmed the warrants of arrest issued against Emily Yanson for alleged perjury and falsification of public documents.

She allegedly falsified the financial statements and general information sheet of two subsidiaries of the family-owned group of companies - Rural Transit Mindanao Inc. (RTMI) and Bachelor Express Inc. (BEI).

Yanson, together with her siblings Roy, Celina and Ricky Yanson, are believed to be out of the country since March 2020.

In an order dated Nov. 15, 2021, the Municipal Trial Court Branch 7 of Bacolod City affirmed the warrants of arrest against Yanson for three counts of perjury and three counts of falsification of public documents.

It also denied Yanson’s motion for leave of court with urgent motion for reinvestigation and to recall warrants of arrest.

On the other hand, the Municipal Trial Court Branch 3 of Cagayan De Oro also affirmed the warrants of arrest issued against Yanson for five counts of perjury and eight counts of falsification of public documents.

In a joint order dated Jan. 5, 2022, the court denied Yanson’s motion for suspension of proceedings and holding in abeyance the issuance of and/or recall warrants of arrest.

Acting on Yanson's motion, the court said the “issues in the cases of falsification of public documents and perjury are different from the issues raised in the civil case and the intra corporate cases.”

The Cagayan de Oro court said the warrants of arrest issued by the court dated October 7, 2021 were returned unserved as Yanson is not residing/cannot be found in the address stated in the information.

The court then asked the prosecution panel to submit the correct address of Yanson for the issuance of an alias warrant of arrest.

The faction of the four Yanson siblings also face warrants of arrest for alleged grave coercion and carnapping.

This is in connection with the alleged illegal takeover of the management of Vallacar Transit Inc. from incumbent president Leo Rey Yanson and co-founder, corporate secretary and treasurer Olivia Yanson in July 2019.

Olivia Yanson, the conjugal co-owner and co-founder of the Yanson Group, was appointed by the court as the special administrator of the estate of her late husband Ricardo B. Yanson Sr.