Lawyer: Audit does not implicate Vallacar CFO over missing P380M

Posted by watchmen
September 5, 2019
Posted in HEADLINE

Accusations against Yanson-Lopez are a ‘blatant lie’ –Sison

Atty. Sheila Sison, legal counsel for Roy, Ricardo, Jr., and Emily Yanson, along with Celina Yanson-Lopez—often referred to as the ‘Yanson 4’—refuted the claims earlier made by Olivia Yanson, matriarch of the Yanson clan that runs Vallacar Transit Inc. (VTI), parent company of the Ceres bus liner, who said an audit report conducted by independent firm SGV & Co. showed Yanson-Lopez, who serves as the company’s chief financial officer, was responsible for at least P380 million in unaccounted advances/liabilities with the company.
They attorney pointed out, the audit report did not identify Yanson-Lopez as the individual responsible for the missing funds and, through a press release, characterized the allegations against the company CFO as “a blatant lie, if not a pure fabrication.”
“Nothing in the SGV audit report mentions or identifies Yanson-Lopez as the person responsible for the alleged unaccounted disbursements,” Sison explained. “What the report noted was that some of the transactions made lack supporting documents, which cannot be attributed to Yanson-Lopez as those supporting documents should come from the Manila Purchasing Office (MPO).”
“Perhaps, the other camp should ask the former company official who oversees that MPO for those documents,” she added.
In a statement released towards the end of last month, Yanson-Lopez pointed out, “My mother got mad at me, together with the three of us—Ricky, Roy, and Emily—because  we wanted the guy responsible for these illicit withdrawals from the MPO to be criminally charged and sent to jail,” she explained.
“When we discovered that this person was the one who orchestrated this big mess in cahoots with another, a lady cashier, the board wanted their heads,” the CFO added. “My mother intervened and, out of pity, even wanted to pay for those funds which this guy allegedly took.”
She noted, the suspect had reportedly served the company for over two decades and her mother “covered for his misdeeds.”
Meanwhile, Sison also noted, the audit report did indicate an individual involved in the matter.
“The findings in the audit report point to the cashier, who now has a pending case for qualified theft in [Quezon City],” she pointed out. “That cashier does not report directly to Yanson-Lopez but to the former employee, who is a known pet and favorite of Olivia Yanson.”
“The irregularities were all done in the MPO and not [at] VTI’s head office,” the attorney affirmed./DGB, WDJ

Atty. Sheila Sison, legal counsel for the ‘Yanson 4,’ refuted the claims earlier made by Olivia Yanson, matriarch of the Yanson clan, who said company CFO Celina Yanson-Lopez was responsible for at least P380 million in unaccounted advances/liabilities with the company. (Contributed photo)

 

 

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