Other Yanson faction ‘re-elects’ board of directors

By Dolly Yasa

 

BACOLOD City – The other faction in the prolonged Yanson family feud held their own annual stockholders’ meeting of the Vallacar Transit Inc. (VTI) and re-elected Leo Rey Yanson and clan matriarch Olivia to head the board of directors.

A press statement from VTI Media Officer Jade Seballos stated that on Dec 5, 2020, VTI held its annual stockholders’ meeting at its principal office in Barangay Mansilingan here.

The press statement said that during the meeting, Olivia V. Yanson, Leo Rey V.  Yanson, Ginette Y. Dumancas, Charles M. Dumancas, Anita D. Chua, Arvin John V. Villaruel and Daniel Nicolas Golez were re-elected as members of the Board of Directors.

Following the election of the directors, the board held an organizational meeting where Leo Rey V. Yanson was re-appointed as Chairman of the Board and President of VTI while Olivia V. Yanson was re-appointed as VTI Corporate Secretary and Treasurer.

“Despite proper and timely notice, stockholders Roy V. Yanson, Ma. Lourdes Celina Yanson-Lopez, Ricardo V. Yanson Jr., Juan Miguel Lopez, and Ma. Susan F. Yanson were absent,” the statement added.

The press statement added that Roy, Celina and Ricky “were believed to be unable to attend the meeting because they are currently hiding abroad as fugitives from justice together with their sister Emily V. Yanson.”

“As of this writing there are several outstanding warrants of arrests against the four siblings, Roy, Celina, Ricky and Emily for carnapping and for qualified theft issued by the courts of Bacolod City. Just recently, warrants of arrest have also been issued against Emily for the crimes of perjury and falsification of VTI’s General Information Sheet (GIS). It is those same questionable GIS that are being used by the four to claim ownership of VTI,” the statement further said.

The press statement also said that “despite all the turbulences experienced by VTI’s management in the past two years, VTI remains strong and resilient. It continues to be steadfast in its goal to serve the Filipino people, VTI continues to pursue its mission of helping alleviate the burden of every Filipino by providing safe and quality transportation to everyone.”

“The newly-appointed board is excited to see how they can continue to push boundaries to provide quality transportation to every Filipino in this great nation despite the challenges of the pandemic,” the press statement further said.

Earlier, Yanson siblings Roy, Celina, Emily and Ricardo Jr., known as the Yanson 4, were elected anew as board of directors of the VTI during a separate shareholders’ meeting held at the Seda Hotel here on Dec 5, 2020.

In a press statement sent to Daily Guardian here Sunday, Atty. Carlo Joaquin Narvasa said that the annual shareholders meeting of VTI was held during the weekend where he presided as proxy for Celina (Ma. Lourdes Celina Y. Lopez) and was attended by stockholders representing 61.1 percent of the outstanding capital stock of the corporation.

Roy V. Yanson, Emily V. Yanson, Ma. Lourdes Celina V. Lopez, and Ricardo V. Yanson will sit in the board for the years 2020-2021.