By Dolly Yasa
BACOLOD City – The indictment of Emily Yanson for Falsification and Perjury is now the subject of an appeal before the Department of Justice (DOJ).
The case was filed by Emily’s brother Leo Rey, and mother Olivia Yanson as officers of Vallacar Transit Inc. (VTI).
The case is still an offshoot of the family feud over control of their bus businesses.
Atty. Carlo Joaquin Narvasa, Emily’s legal counsel, said in a statement issued on Monday that “this is one in a string of cases filed by the minority faction of Leo Rey and his supporters after their violent take-over without any court order of the Mansilingan head office of VTI which was then managed by the Y4 (siblings Roy, Celina, Emily, and Ricardo Jr. Yanson) as majority shareholders.”
He said that this “nuisance suit” was done to “consolidate Leo Rey’s control over the bus company despite the pendency of an intra-corporate case that he himself filed, now pending with the Bacolod Regional Trial Court (RTC).
Narvasa also said that the appeal filed by Emily showed official records from the Securities and Exchange Commission (SEC) confirming that she was the Corporate Secretary and Director of VTI from 2016 to 2019.
He added that Leo Rey, who was VTI’s president up until his ouster in July 2019 by the Y4, “consented to and allowed these official documents to be filed by Emily with the SEC.”
“He agreed to everything that was reported until he turned about and now questions Emily’s shares and actions as VTI corporate secretary while he was its President.”
The Y4 asserted that Leo Rey cannot anymore claim that Emily was not a stockholder and secretary of VTI as he was its Chairman and President when those official documents were submitted to the SEC.
“He accepted and was quiet about it from 2016 to 2019, and he alone had command responsibility and bore the duty to ensure the correctness of actions taken by his officers, including reports done before that government regulatory agency by Emily for the past 4 years,” Narvasa said.
Olivia was no longer a shareholder of VTI since 2015 when she signed an Extrajudicial Settlement of the estate of her late husband, Ricardo Sr., and relinquished her shares in favor of her children.
This fact is plain in admissions made in court by Ginette herself, Narvasa stated.
He also said that VTI is a corporation that can only act through its Board of Directors and authorized corporate officers. A corporation’s official acts are reflected in Secretary’s Certificates signed by the Secretary who takes instructions from its President.
“It then is funny how Emily’s acts as approved by Leo Rey himself can now be taken against her and considered as falsified or perjured when he surely would not have allowed it if it were untrue,” Narvasa pointed out.
Emily’s brother, Ricardo Yanson Jr., was elected as VTI’s Corporate Secretary at the annual stockholders’ meeting of the company conducted in December 2019, he added.
