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Home News Regions Auditing firm clears Ceres’ Ex-CFO in P380-M fund mess

Auditing firm clears Ceres’ Ex-CFO in P380-M fund mess

 

BACOLOD CITY: Celina Yanson-Lopez, the former chief financial officer (CFO)of Vallacar Transit Inc., has been cleared by the legal counsel of Sycip, Gorres and Velayo (SGV), the country’s top auditing firm, on Wednesday of any liability over the alleged P380-million fund mess. In a letter to lawyer Sigfrid Fortun, senior partner of Fortun Narvasa & Salazar, and counsel of the Yanson Four namely, Roy, Ricky, Celina and Emily Yanson, the auditing firm through Poblador, Bautista and Reyes Law Office, cleared Celina of any liability on the controversy. SGV made the clarification after Leo Rey and the Yanson clan matriarch Olivia blamed Celina for the missing funds. SGV’s counsel said in a letter dated September 10 that “without disclosing the contents of its report, SGV can confirm that the report did not refer to Ms. Yanson-Lopez as the person directly liable for the loss of the funds.”


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