Kris Aquino quashes allegations linking her to LTFRB-Premium Taxi issue

Kris Aquino on being accused of amassing 200 vehicles earmarked for Premium Taxi units: “WHY WOULD I JEOPARDIZE OUR FAMILY'S GOOD NAME & REPUTATION WHEN I ALREADY EARN MILLIONS THE HONEST WAY?”


Kris Aquino denied allegations that she will directly benefit from the controversial proposal of Land Transportation Franchising and Regulatory Board (LTFRB) to launch Premium Taxi Service.

LTFRB’s Premium Taxi Service will reportedly be marked vehicles with features similar to app-based transportation providers like UBer, GrabCar, and GrabTaxi.

On her Instagram post last Friday, August 14, Kris maintained that there was no truth to the rumors that she has amassed 200 vehicles meant to be used as Premium Taxi units.

While it is true that she is an “angel investor” in Luis Manzano’s taxi line LBR Transport Incorporated, Kris stressed that the said company has not invested in Premium Taxis.

Kris explained: “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.”

Kris further explained that she fully trusts Luis’s capability to manage his own taxi business without using his family’s influence nor hers for that matter.

“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 [Vilma Santos], his stepfather Senator Ralph Recto, or me.”

Kris didn’t exactly name whoever was “spreading malicious lies” about her, but she reiterated that she has earned millions “the honest way.”

“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.

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“WHY WOULD I JEOPARDIZE OUR FAMILY'S GOOD NAME & REPUTATION WHEN I ALREADY EARN MILLIONS THE HONEST WAY?”

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) onAug 14, 2015 at 5:23am PDT


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