{"id":26124,"date":"2022-01-10T10:41:58","date_gmt":"2022-01-10T13:41:58","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=26124"},"modified":"2026-04-23T12:24:27","modified_gmt":"2026-04-23T15:24:27","slug":"fraud-charges-against-kazuo-okada-dismissed-by-philippines-court","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/fraud-charges-against-kazuo-okada-dismissed-by-philippines-court","title":{"rendered":"Fraud charges against Kazuo Okada dismissed by Philippines Court"},"content":{"rendered":"\n<p>Fraud charges against former Universal Entertainment Corp chairman Kazuo Okada were dismissed by the Philippines Court of Appeals.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- The Philippines Court of Appeals has dismissed fraud charges against&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/okada-appeal-dismissed-by-supreme-court-in-japan\" rel=\"noreferrer noopener\">Kazuo Okada<\/a>&nbsp;and his partner Takahiro Usui for misappropriating more than US$3m from Tiger Resort, Leisure and Entertainment Inc, the operator of the Okada Manila casino resort.<\/p>\n\n\n\n<p>In 2018<strong>&nbsp;the Philippine Department of Justice had recommended three counts of fraud against Okada<\/strong>&nbsp;after he received US$3.15m in salary and consulting fees &#8220;through error or fraud&#8221; while serving as CEO of Tiger Resorts, Leisure and entertainment.<\/p>\n\n\n\n<p>Tiger Resort, Leisure and Entertainment \u2014 controlled by Japanese-listed Universal Entertainment Corp, also founded by Okada \u2014 alleged he illegally paid US$3m in company funds without board approval, reportedly for his advisory work and salary.<\/p>\n\n\n\n<p>However, according to local media reports, &#8220;there was no misappropriation or conversion by Okada of the money received&#8221;.<\/p>\n\n\n\n<p><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/kazuo-okada-excluded-from-returning-to-boards\" rel=\"noreferrer noopener\">Okada<\/a>&nbsp;was forced out of the company in 2017 by his son, Tomohiro Okada, thanks to his 43.48 per cent stake and a Trust Agreement with his sister,&nbsp;<strong>Hiromi Okada<\/strong>, to control voting rights on her 9.78 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fraud charges against former Universal Entertainment Corp chairman Kazuo Okada were dismissed by the Philippines Court of Appeals.<\/p>\n","protected":false},"author":176,"featured_media":16477,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippines Court of Appeals has dismissed fraud charges against Kazuo Okada and Takahiro Usui, stemming from allegations of misappropriating over US$3 million from Tiger Resort, Leisure and Entertainment Inc., operator of the Okada Manila casino resort. The charges, initially recommended by the Philippine Department of Justice in 2018, related to unapproved salary and consulting fees received by Okada while serving as CEO. This ruling overturns previous allegations of illegal payments without board approval.","focusai_entities":"Kazuo Okada, Takahiro Usui, Philippines Court of Appeals, Tiger Resort, Leisure and Entertainment Inc, Okada Manila, Philippine Department of Justice, Universal Entertainment Corp, Tomohiro Okada, Hiromi Okada","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.95), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Governance Impact?","query":"What are the specific implications for Universal Entertainment Corp's corporate governance framework and internal controls following the dismissal of these fraud charges?"},{"label":"Control Dynamics Shift?","query":"How might this legal resolution alter the existing power dynamics and control structures within Tiger Resort, Leisure and Entertainment Inc., particularly concerning Kazuo Okada's potential influence?"}],"footnotes":""},"categories":[16338,439],"tags":[229,23911],"class_list":["post-26124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legal-news","tag-gambling","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=26124"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26124\/revisions"}],"predecessor-version":[{"id":26133,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26124\/revisions\/26133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16477"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}