Luis Manzano clarifies Kris Aquino’s involvement in his taxi business

Rappler.com
Luis Manzano clarifies Kris Aquino’s involvement in his taxi business
Kris also addresses accusations that she is participating in 'unfair competition' and has 'selfish motives' and clarifies the extent of her investment in Luis' company

MANILA, Philippines – TV host Luis Manzano took the opportunity to clarify the involvement of Kris Aquino in his taxi business.

This, after her name popped up in the issue surrounding the Land Transportation Franchising and Regulatory Board’s (LTFRB) plans to clamp down on vehicles operating via ride sharing apps like Uber and GrabCar if these are without the necessary accredition. (READ: LTFRB clarifies Premium Taxi timing, unregistered Uber clampdown)

In an interview with reporters at the presentation of the Voice Kids Season 2 top 6, Luis said Kris is merely an investor in his company, LBR Transport, and that she herself already clarified her involvement. 

Eh ganun talaga ang mga tao eh yung iba naman kumagat, unfortunately may naniwala naman agad. Clinear naman niya lahat, everything’s clear. Nasa Instagram niya.

(That’s how people are, unfortunately they believed it. She already cleared it. It’s in her Instagram.) 

Yes sa amin siya [nag-invest].  Kumbaga she has no stake in the percentage of the company, she has no say in terms of running the company. Kumbaga investor lang talaga siya,” he said.

(Yes, she [invested] in us. She has no stake in the percentage of the company, she has no say in terms of running the company. In other words she’s just an investor.)

As for the issue, Luis said that he never applied for a premium taxi categorization. He said that all they want as taxi owners is to have an equal playing field in providing transportation.

“We’re providing the same service naman that’s providing transportation from point A to point B. Kumbaga, bakit ang haba ng process na dapat pagdaanan para magpatakbo ng isang taxi samantala ang iba hindi pa sila accredited but as of now accredited na ang Uber… yung iba app lang samantalang we’re providing the same service. 

(Why does it take long in the process to apply and run a taxi while others are not yet accredited but as of now Uber is accredited…the others will just use an app when w’re providing the same service.) 

“Yes we understand… but inaamin namin na may mga malokong driver naman but at the same time, ang dami kong naririnig naman na maganda tungkol sa amin so basically all we want is a level playing field,” he said.

(Yes we understand…but we also admit there are foolish drivers also but at the same time, I also hear so many good things about us so basically all we want is a level playing field.)

Kris clarifies her involvement in Luis’ company 

On Friday, August 14, Kris took to her Instagram to issue points about investing in Luis’ business after she got word her name was being dragged into the issue.

She said that she was being accused of planning to acquire 200 vehicles to be used as premium taxi units, and that she was participating in “unfair competition” and had “selfish motives.”

She clarified that while she is an angel investor in Luis’ taxi company, she does not participate in planning and operations. 

She also said that LBR did not invest in premium taxis.

“It has reached my attention that I am being dragged into the LTFRB-Premium Taxi-UBER-GrabCar issue. In particular, I am being accused of #SelfishMotives & #UnfairCompetition. Here are the facts:

“I have not bought nor [do I] own 200 vehicles earmarked for premium taxi units from Toyota.

“I do not own any taxi company that will operate premium taxis. I do have a long-term financial investment as an Angel investor with @luismanzano’s LBR Transport Incorporated but I have no direct participation in LBR’s management and operations. LBR didn’t invest in premium taxis.(Dahil hahaba pa if I don’t define ANGEL INVESTOR, the term refers to a private, affluent individual who provides capital for a business start-up or expansion, usually in exchange for convertible debt or ownership equity. In our case, the amortization I am receiving from LBR has been going straight to the TRUST FUND of Josh & Bimb.) I invested with LBR because I have faith in the vision, management, and their growth done the right way – by having franchises acquired the proper way without using Luis’s Mom Governor Vi, his stepfather Senator Ralph Recto, or me.

“Get your facts straight before spreading malicious LIES about me.

“I’ve earned my money and continue to earn good money through hard work, commitment and passionate dedication. Why would I jeopardize our family’s good name and reputation when I already earn millions the honest way? #truth,” Kris wrote.

It has reached my attention that I am being dragged into the LTFRB-Premium Taxi-UBER-GrabCar issue. In particular, I am being accused of #SelfishMotives & #UnfairCompetition. Here are the FACTS: 1. I HAVE NOT BOUGHT NOR OWN 200 VEHICLES EARMARKED FOR PREMIUM TAXI UNITS from TOYOTA. 2. I DO NOT OWN ANY TAXI COMPANY THAT WILL OPERATE PREMIUM TAXIS. I DO HAVE A LONG TERM FINANCIAL INVESTMENT AS AN ANGEL INVESTOR w/ @luckymanzano's LBR TRANSPORT INCORPORATED BUT I HAVE NO DIRECT PARTICIPATION IN LBR'S MANAGEMENT & OPERATIONS. LBR DIDN'T INVEST IN PREMIUM TAXIS. (Dahil hahaba pa if I don't define ANGEL INVESTOR, the term refers to a private, affluent individual who provides capital for a business start-up or expansion, usually in exchange for convertible debt or ownership equity. In our case, the amortization I am receiving from LBR has been going straight to the TRUST FUND of Josh & Bimb.) I INVESTED WITH LBR BECAUSE I HAVE FAITH IN THEIR VISION, MANAGEMENT, AND THEIR GROWTH DONE THE RIGHT WAY- BY HAVING FRANCHISES ACQUIRED THE PROPER WAY WITHOUT USING Luis's Mom Governor Vi, his stepfather Senator Ralph Recto, or me. 3. Get your facts straight before spreading malicious LIES about me. 4. I'VE EARNED MY MONEY & CONTINUE TO EARN GOOD MONEY THROUGH HARD WORK, COMMITMENT, AND PASSIONATE DEDICATION. WHY WOULD I JEOPARDIZE OUR FAMILY'S GOOD NAME & REPUTATION WHEN I ALREADY EARN MILLIONS THE HONEST WAY? #TRUTH

A photo posted by Kris Aquino (@withlovekrisaquino) on

 

All this occurred amid news that the LTFRB would be clamping down on ride-sharing apps like Uber if a company failed to register as a Transportation Network Company (TNC), and if its partner drivers failed to register as Transportation Network Vehicles (TNVs). (READ: Taxis beware: Gov’t introduces 4 new transport categories)

GrabCar and Uber are now both accredited. 

There were some news reports that the LTFRB allegedly revealed plans of creating its own Premium Taxi operation, days after it announced the clampdown.

On Friday, LTFRB chairman Winston Ginez clarified reports saying they will regulate the premium taxi operations and not own them. – Rappler.com

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