Is VTI bankrupt or being bankrupted? – 9

By Modesto P. Sa-onoy

 

The Philippine judicial system, and I include the lawyers, has been placed in a difficult situation as both camps of the Yanson family feud file charges against each other. Some cases had been resolved but others are gathering dust in the prosecutors’ offices or in the courts. We acknowledge those prosecutors who acted with dispatch but others are taking their time. I cannot say similarly of the courts in Bacolod, except to speak in silence our sadness of the state of inaction in the vital issues that could have resolved the family conflicts and put an end to these recriminations.

Be that as it may, I see these delays as a way to “buy the time” needed to allow the grand plan to destroy the legacy of Ricardo B. Yanson to succeed. But let that situation linger. Those in the justice system who prostitute their high office to decide at their pleasure rather than the demands of speedy justice for whatever reason or incentives will eventually pay a higher price.

Judges and prosecutors have the greater culpability before the Final Judge. Of course, the corrupt may not believe in an omniscient Judge before whom we are all accountable. They may deny but it does not change the final adjudication.

I have some names and the reasons for the inordinate delays (these things cannot be completely kept a secret) but I am not one to judge. In truth they deserve pity.

Yesterday I raised the hypothesis that there is a grand plan to destroy the legacy of Ricardo B. Yanson thereby erasing his memory and supplant it with that of another who probably felt ignored. I had suspected this much as early as last year but the elements were not yet clear and the mechanics unknown but now the essentials of this plan and the process are slowly emerging.

Of course, as in all plans, things can take a different turn or twist as circumstances may change. But so far the road points to the obsession to eventually replace VTI with another transport company that, as we learned last year, is known as Love Visayas Transport Express. The VTI manager in Iloilo tried to secure a permit for its terminal in Barotac Viejo. This transport group has an address in Capitol Subdivision in Bacolod City.

And who lives there? The Yansons but we cannot say that this new transport company is owned by the whole Yanson family. Who else than Olivia, Ginnette and Leo Rey can order the manager of VTI in Iloilo to secure a permit for a terminal for another bus company there? After I wrote about this company in July last year, there was no denial that it is owned by the trio. The role of the VTI manager in Iloilo exposed the ownership. This manager would never dare take orders from anybody to file a permit for a company that would compete with VTI.

It is therefore clear that Love Visayas Transport Express belongs to Olivia, Ginnette and Leo Rey and others that do their bidding and placed at the table of the organization to reward blind and supine obedience.

Creating a fleet of transport buses demands a large amount of capital if the intention is to compete with VTI, even if VTI will be so stripped of its assets that what remains would be only a name or at best a shell of what it was once. The LVTE must be better.

The massive unreported withdrawals from the coffers of VTI since 2015 under the presidency of Leo Rey can be seen not only as an operation to enrich whoever but also to finance a new transport company to bring VTI to its knees and replace it.

A hitch however developed. The series of secret withdrawals cannot be hidden because of its massiveness. Leo Rey was asked to explain but instead of explaining and showing proof of where the money went or spent for the benefit of the company, he lashed back at his siblings. A clear sign of guilt.

Leo Rey’s reaction was to divert the issue, a clever method as ancient as the time of those who wanted to be gods.

Continued on Monday.