MANILA – Presidential sister Kris Aquino was rumored to be benefitting from the Land Transportation Franchising and Regulatory Board’s (LTFRB) plan to launch Premium Taxi Service and was even accused of already preparing at least 200 cars for the proposed service.
“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 selfish motives and unfair competition,” Aquino said in her social media account.
“Why would I jeopardize our family’s good name and reputation when I already earn millions the honest way?” Aquino added, denying all allegations hurled against her.
Aquino admitted, however, that she was indeed an ‘angel investor’ at LBR Transport Incorporated, a taxi line owned by Kapamilya actor Luis Manzano, which had no interest in premium taxis.
“I have not bought nor own 200 vehicles earmarked for premium taxi units from Toyota… I do not own any taxi company that will operate premium taxis,” she said.
“I do have a long term financial investment as an angel investor with [Luis Manzano’s] LBR Transport Incorporated but I have no direct participation in LBR’s management and operations,” she added. “LBR didn’t invest in premium taxis.”