Philippine court orders arrest of Japanese casino mogul Okada
MANILA (Reuters) – A Philippine court has ordered the arrest of Japanese pachinko billionaire Kazuo Okada, a few month after the rustic’s Department of Justice advisable the submitting of fees in opposition to him over 3 counts of fraud.
Universal Entertainment Corp’s founder Kazuo Okada attends a information convention on the Tokyo District Court in Tokyo, Japan September 14, 2017. REUTERS/Issei Kato
The DOJ has discovered purpose to indict Okada for 3 counts of swindling after he bought “through mistake or fraud” $three.15 million in wage and consultancy charges all through his tenure as leader govt of Manila casino operator Tiger Resort.
Okada had filed a movement for reconsideration on the DOJ, brushing aside the accusations in opposition to him as baseless.
Judge Rolando How of the Paranaque City Regional Trial Court Branch 257 ordered the National Bureau of Investigation and the Philippine National Police to give Okada to court. The warrant of arrest was once issued on Friday and made public on Sunday.
The bail was once fastened at 348,000 Philippine pesos ($6,627) for all 3 fees.
Tiger Resort prior to now stated the bills have been facilitated by means of its former president and weren’t licensed by means of its board.
Reody Anthony Balisi, Okada’s criminal suggest within the Philippines, didn’t respond to Reuters’ requests for remark at the arrest warrant.
Okada ultimate 12 months was once ousted as chairman of Tiger Resort’s mother or father, the Japanese gaming workforce Universal Entertainment Corp (6425.T), after Universal’s board accused him of misappropriating $20 million. He denied wrongdoing.
It was once unclear if Okada was once within the Philippines when the court issued the arrest warrant.
He was once arrested in Hong Kong in August relating to more than one corruption-related fees and is recently on bail.
Reporting by means of Enrico dela Cruz; Editing by means of Toby Chopra