'CELINA CLEARED IN P380M MISSING FUNDS'

Lawyer says the alleged unaccounted advances attributed to CYL is a total lie

THE lawyer of the Yanson four said that the country’s top accounting firm Sycip, Gorres and Velayo (SGV) has cleared Vallacar Transit Inc. Chief Financial Officer (CFO) Celina Yanson-lopez or CYL on the alleged 380 million peso missing funds of the company.

“P380 M missing funds is pure fabrication”, Sison in a statement said.

Sison said that in fact it was CYL who raised this issue before the VTI board and pushed for an investigation.

“The alleged SGV report as claimed by the other camp,” says Atty. Sison, “that CYL has at least 380M unaccounted advances/liabilities to the company is a total lie, if not libelous. Nothing in the SGV audit report mentions or identifies CYL as the person responsible for the alleged unaccounted dis

bursements,” Sison said.

She made the clarification after Olivia Yanson, the matriarch of the Yanson family issued a statement that CYL is just diverting the issue about the missing fund.

Sison added that the amount claimed by the camp of the clan matriarch Olivia Yanson is not as big as they allege, since the audit already established that most of these amounts were paid to suppliers per bank statements.

Sison says these irregularities which were discovered last May 2018, emanated from the Manila Purchasing Officer and not the VTI offices in Mansilingan.

“On the contrary, CYL was not even among the persons identified by SGV to be involved in the funding or liquidation process. The findings in the audit report point to the cashier who now has a pending case for qualified theft in Quezon City. That cashier does not report directly to CYL but to the former employee who is a known pet and favorite of OVY. It was the person responsible in the MPO who altered/ tampered with documents for funding requests to the head office,” Sison added.

Sison said that it is totally unfair to attribute the mess to CYL when in fact, it was she who brought the attention of the anomaly to the company’s internal audit department on the unauthorized disbursements being made in the MPO, as the company’s own internal audit reports showed. “Nothing in any of the audit reports also stated that CYL was the one responsible for the unauthorized disbursements,” Sison said.*