The Yanson Group on Tuesday said it has set aside a P1-million reward for anyone who can provide information on the whereabouts of Roy V. Yanson, the eldest of the four Yanson siblings believed to be hiding overseas.
It said the reward was offered following the issuance of a certification by the Philippine National Police on January 25 that Roy and siblings Emily V. Yanson, Ma. Lourdes Celina Y. Lopez and Ricardo V. Yanson Jr., known as the Yanson 4, have outstanding warrants of arrest from Bacolod City courts.
The court issued a warrant of arrest after the group of the Yanson matriach filed criminal cases against them for alleged carnapping and grave coercion, while additional case was filed against Emily for perjury and falsification of the corporation’s general information sheets (GIS).
It is the same GIS being used by Yanson 4 to claim their majority ownership in Vallacar Transit Inc., the country’s largest bus company.
“The first person who can provide information as to the whereabouts of this person [Roy V. Yanson] directly leading to his arrest will be given a reward of P1 million or $20,000,” according to offer of reward.
On July 7, 2019, the 4 Yanson siblings held a meeting and unseated Leo Rey as the president of the country’s bus company. Roy Yanson took over the post.
Leo Rey, with the support of his mother, Olivia V. Yanson and sister Ginnette Y. Dumancas, however, refused to step down, which started a family feud between the two groups. Both groups have staged their own annual stockholders’ meeting, both of them claiming ownership of the company.
The Securities and Exchange Commission earlier warned the two factions to avoid dishing out misinformation to the public as this will have an adverse impact not only on the warring factions but also on the investors, the consumers, and the overall market.
The Yanson Group operates 4,800 bus units run by 18,000 employees, and has its main office in Bacolod City.