4 months ‘Ceres ex-CFO liable for missing P380M’ Manilatimes
THE board of Vallacar Transit Inc. (VTI), the country’s largest bus transport company that operates Ceres Liner and Sugbo Transit, took a firm stand that its former chief financial officer was liable for the missing P380 million during her watch. “It is not true that SGV cleared Celina Yanson-Lopez of any liability on the P380-million stolen fund mess,” the VTI’s legal team said in a statement. Newspaper reports quoted auditing firm SyCip, Gorres Velayo and Co. to have cleared Celina of her alleged involvement in the P380-million financial mess.
In a letter, dated September 10, SGV’s legal counsel ... more