Philippines orders arrest of Kazuo Okada on corruption charges

Kazuo Okada, the former chairman of Universal Entertainment, is accused of misappropriating US $3.2 million during his times as CEO of Tiger Resorts in the Philippines.

Japanese gaming tycoon Kazuo OkadaThe Philippines Department of Justice has ordered the arrest of Kazuo Okada, the disgraced former chairman of Universal Entertainment.

The court has charged Okada with “swindling” US $3.2 million in fraudulent salary earnings and consultancy fees during his time as CEO of Tiger Resort, a major casino operator in Manila.

The Japanese gaming tycoon has repeatedly denied involvement in any dodgy dealings since he was axed last year by Universal – Tiger Resort’s parent company – on suspicion of embezzling more than $20m.

ALSO READ: COURT OF APPEALS GIVES GREEN LIGHT FOR NEW PHILIPPINES CASINO

Okada went as far as to file a wrongful termination lawsuit against Tiger Resort and demand he be reinstated to all his former titles.

That came shortly after he was apprehended in Hong Kong last August on a litany of corporate corruption charges.

The pachinko magnate has played true to form on these latest allegations, denying everything and submitting a motion for reconsideration.

The Philippines DOJ has set Okada’s bail at 348,000 pesos (US $6,627).

Subscribe
Notify of
guest

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

iOS App
Android App
OnlineCasinoGames
Play the best Online Casino Games
Available to residents of United States
Welcome package of $20,000

18+. Gamble Responsibly. Full T&C's apply.

iOS App
Android App
BETMODE
Play, Win and Run the show with On-Chain Gaming
Available to residents of United States
75 Free Spins + Up To 50% Cashback

Deposit $500 or more and get 50% cashback. 18+ Gamble Responsibly. BETMODE T&Cs apply.

iOS App
Android App
ReefSpins
ReefSpins is for winners
Available to residents of United States
100% match up to $300

ReefSpins encourages all players to play responsibly and within their limits, gamble responsibly. Full T&C's apply.

BetOnline Casino
Trusted brand
Available to residents of United States
100 Welcome Free Spins

Sign up at BetOnline Casino and make a deposit to score 100 free spins on selected online slots. Full terms.

Bovada Casino
Bitcoin Friendly
Available to residents of United States
100% up to $3000

18+. Gamble Responsibly. Full T&C's apply.

Wild Casino
It's a jungle out there
Available to residents of United States
$5000 + 225 free spins

18+ gamble responsibly. First deposit only. Use code WILD250. Max deposit $1000. 5x turnover requirement. Full terms

0
Would love your thoughts, please comment.x
()
x