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HomeLocal NewsOVY, Ceres co-founder sets out to prove she’s firm owner to four...

OVY, Ceres co-founder sets out to prove she’s firm owner to four children as she turns 90, cites ‘manipulation, fraud, disrespect’ against her

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BACOLOD CITY, Negros Occidental, Philippines – Olivia Villaflores Yanson will turn 90 this month.

She now sets out on a journey to prove to some of her own children that she owns Ceres Transit Incorporated that she co founded in the 1960s.

More than 50 years after she and her husband, Ricardo Yanson Sr founded the transport giant that is now reputed to be the largest in Southeast Asia, the clan matriarch has sought the court’s help to nullify an extra judicial settlement that is being used by her four estranged children to make it appear that she is no longer an owner of the business she and Ricardo Sr started in the 1960s.

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More known by her acronym OVY or Mommy Love, Mrs. Yanson personally appeared at the Hall of Justice here yesterday with an entourage that included five lawyers led by Atty. Norman Golez.

The matriarch filed a complaint that seeks to nullify what she claims are fake documents, in particular the extra judicial settlements that her children – Roy, Emily, Lourdes Celina, and Ricardo Jr – more known as the Y4 faction.

DNX file photo.
DNX file photo.

OVY filed the charge on 5 January 2024 after she and her two other children, Leo Rey and Ginnette Dumancas, also called the Y3, won court victories last year including the approval of OVY’s probate petition for her will that named Leo Rey and Ginnette as universal heirs of her estate.

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The three also got a favorable resolution from the Appeals Court last year that found Emily and Celina to be not stockholders of Ceres Transport as the appellate court’s Ninth Division ordered the lower court here to implement the arrest warrant against Emily and proceed with the case for falsification of public documents.

The CA resolution cited the findings of the court here that Emily falsified entries in the 2017, 2018, and 2019 General Information Sheet of VTI to make it appear that she and Celina are stockholders and directors while their mother is not.

DNX file photo.
DNX file photo.

The GIS is a legal document submitted annually to the Securities and Exchange Commission that shows a company’s corporate profile.

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In the latest complaint, OVY claimed in the 63-page complaint through her lawyers Diosdado Trillana, Norman Golez, Paola Katerina Labajo, Denise Christianne Castelo, and Marianne Angeli Barameda that the extrajudicial settlement (EJS) and annexes are “null and void” and “do not contain what Mrs. Yanson consented to regarding the settlement of the estate of Mr. Yanson…”

The complaint, a copy of which was obtained by DNX, also pointed out that the supposed EJS is contrary to Article 1318 (1) of the Civil Code that is “… there was no consent of a contracting party…”

The summary also cited that OVY only agreed to”… waive her share in Mr Yanson’s estate and shall not waive her fifty percent (50 percent) conjugal share. “

DNX file photo.
DNX file photo.

However, the” agreement”in the supposed EJS “is not what Mrs Yanson consented to, ” and is therefore null and void.”

OVY also said her children committed”…manipulation, fraud, and disrespect” for continuing to use the EJS as the basis for their claim in the family-owned firm.

This, she added, also goes against “morals and good customs.”

Aside from asking the court to declare the documents null and void, OVY is also asking it to permanently enjoin her four children, and those acting in their behalf, from using the EJS.

She also sought to order them to pay a total of P20 million in moral and exemplary damages.

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Julius D. Mariveles
Julius D. Mariveles
An amateur cook who has a mean version of humba, the author has recently tried to make mole negra, the Mexican sauce he learned by watching shows of master chef Rick Bayless. A journalist since 19, he has worked in the newsrooms of radio, local papers, and Manila-based news organizations. A stroke survivor, he now serves as executive editor of DNX.
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