first_imgBACOLOD City –Sycip, Gorres and Velayo (SGV), the country’s top accounting firm, clearedVallacar Transit Inc.’s (VTI) Chief Financial Officer (CFO) Celina Yanson-Lopezof any liability in the alleged P380-million fund mess. The firm’s seniorpartner, Atty. Alexander J. Poblador and Atty. Deogracias G. Fellone, bothsigned the letter on behalf of SGV. Incumbent VTIpresident Roy Yanson, in an informal press conference with Bacolod City-basedjournalists, said the discovery of the funds mess might have led to the breakwhich caused the recent squabble among members of the Yanson 4-dominated VTIboard. It was SGV thatthe Yansons asked to conduct an independent audit after Yanson-Lopez herself asCFO pushed for the investigation of several transactions made at VTI’s ManilaPurchasing Office (MPO) sometime in 2018. Therewere encashments and withdrawals thru falsified and forged signed checks. Disagreementsbetween the clan’s matriarch Olivia and the Yanson siblings on how to treatthose involved in the funds mess broke the once stable board into the majorityblock — Roy, Ricky, Celina and Emily. Atty. SheilaSison, a partner in Fortun Narvasa & Salazar Law Office and legal counselof Yanson-Lopez and her three other siblings Roy, Ricky and Emily (collectivelyknown as the Yanson 4), earlier described the accusations against her client asuntrue and baseless. The MPO wasthen headed by a company official who had since been removed from the post. Sources said it was theresponsibility of this former official to identify and request procurements forthe Yanson Group of Bus Companies./PN Through legalcounsel Poblador, Bautista and Reyes Law Office, SGV made the clarificationshortly after several reports were published that the camp of former VTIpresident Leo Rey Yanson and Yanson clan matriarch Olivia Yanson was accusingYanson-Lopez of dipping her fingers in the corporate cookie jar last 2018. In a letter datedSept. 10, 2019, Poblador Bautista and Reyes Law Offices clarified that:“Without disclosing the contents of its report, SGV can confirm that the Reportdid not refer to Ms. Yanson-Lopez as the person directly liable for the loss ofthe funds.” Acting upon thewritten request of Atty. Sigfrid Fortun, senior partner of Fortun Narvasa &Salazar Law Office, SGV asked its legal counsel to provide a reply to theinquiry and clarify if its audit report indeed referred to Yanson-Lopez as theone responsible for the reported missing funds. The minority ledby Leo Rey and Ginnette Yanson-Dumancas who sided with their mother, was alsothe first to protest the filing of criminal charges against a former companyofficial who was described as one of the matriarch’s pet employees.last_img read more

first_img Betway and Dafabet grow La Liga sponsorship portfolios August 14, 2020 StumbleUpon Winamax maintains Granada CF sponsorship despite bleak Spanish outlook August 19, 2020 Related Articles Share David Lampitt, Sportradar: F1 presents betting’s most sizeable opportunity August 14, 2020 Share Submit Project11 has announced the addition of 22 home and away Atlético Madrid fixtures, enabling brands to benefit from more La Liga advertising opportunities than ever before.This addition to Project11’s La Liga offerings, which currently includes perimeter advertising at 36 Real Madrid and Barcelona away fixtures, will deliver the opportunity to further increase brand exposure using Digital Billboard Replacement (DBR) technology. Digitally overlaying advertising and transmitting to chosen feeds, DBR enables different adverts to be broadcast to chosen regions simultaneously.Working with Spanish communications company, Media Pro, Project11 have extensively increased offerings in recent years, putting brands in highly prominent advertising positions and transforming revenue generation potential of clubs in Spain through the use of DBR technology. MediaPro’s Commercial Director, Julian Fernandez, commented: “DBR is an interesting income stream for the clubs and La Liga in Spain. LED is an asset with direct coverage on TV which assures brands audiences in their millions each season.“LED and virtual LED (DBR) forms part of MediaPro’s portfolio which includes managing three TV sport channels in Spain, as well as a number of sponsorship programs, 34 of the 42 club websites in the first and second division of La Liga and eSports, amongst others. That’s the reason why we need partners in the international market and we prefer to work with companies like Project11, as our exclusive DBR rights holders, which have the tools to help us achieve our business objectives through their strong sales force and access to clients across the globe.Project11’s Partner, Scott Taylor, added: “We have a strong, long-standing relationship with Media Pro and La Liga, enhancing the growth of both La Liga and Project11 year on year.  The addition of Atlético Madrid matches is a natural progression, further enforcing our market position. These are exciting times for Project11 as we continually strive forward, and our passionate and dedicated team continue to deliver. More announcements to follow.”Adolfo Barra, Managing Director of Sales and Marketing at La Liga, spoke of the league’s success: “La Liga has seen a tremendous growth in recent years thanks to the success of its teams and players in the international landscape, seeing a 300% increase in global audience. “La Liga will reach 3 billion fans by the end of this season. We have become a truly international property, appealing to both global and regional brands in different regions of the world. That is the reason why it is really important for us to be able to deliver meaningful and relevant assets to our sponsors allowing customisation by territory and language. DBR technology has been key to be able to help the brands deliver their message to their consumers in a more efficient way and it’s great working with Scott on this.”last_img read more