BACOLOD CITY, Negros Occidental, Philippines – The Yanson family saga continues to unfold in 2021, two years after the intra-corporate feud broke out into the open.
Over the weekend, the matriarch-led faction claimed in a news release that four of the siblings – Roy, the eldest, Ricardo Jr., Emily and Celina – have become “fugitives from justice” hiding abroad.
The release from the group also called by the local press as the Y3 was mainly to announce the re-appointment of Leo Rey and Olivia to the leadership of the Mindanao Star Bus Transport, one of the firms under the Ceres Group of Bus Companies.
It also pointed out that the four were sent notices but failed to attend the 14 January shareholders meeting of Mindanao Star.
The release added that local courts have issued arrest warrants against the four for cases of carnapping and qualified theft aside from recent warrants issued against Emily for alleged perjury and falsification of corporate documents.
The release did not include Emily as among those who went abroad and did not specify what country the three went to.
The Y3 claimed that the documents include General Information Sheets or GIS being used by the faction to “claim their majority ownership of Vallacar Transit Inc., the firm founded by patriarch Ricardo Sr. from which the transport empire grew.
The GIS is a document required by the Securities and Exchange Commission from corporations every year that contain, among others, information regarding a firm’s “incorporators, stockholders, directors, trustees, officers, beneficial owners, external auditor, notary public, personal information such as but not limited to full name, signature, nationality, sex, address, accreditation number, roll of attorney number and taxpayer information number.”
