Kazuo Okada sues Tiger Resort
The casino tycoon Kazuo Okada has filed fraud charges against his former company Tiger Resort.
Philippines.- Kazuo Okada continues his fight against his former company, Tiger Resort Leisure and Entertainment. The billionaire Okada decided to sue Tiger Resort and filed fraud charges and qualified theft against the company for removing him from the company.
In the lawsuit in which Okada sues Tiger Resort, he mentions several members of the board, including Tonyboy Cojuangco and Manual “Lolong” Lazaro, directors of the company. He also mentions his former wife, Takako Okada and his son Tomohiro Okada and the other members of the board of directors.
The lawsuit says: “The respondents, being then directors, officers, and/or nominee/trustee shareholders of the companies I own and control, conspiring and confederating together and mutually helping and aiding one another, did then and there willfully, unlawfully and feloniously (a) take, seize, and appropriate for themselves, my ownership and management rights and interest in [TRLEI] or Okada Manila, without my consent, with grave abuse of confidence, and with intent to gain; and (b) converted and misappropriated, the shares of stock of [TRLEI], and the rights, powers and duties of directors of [TRLEI], I had entrusted to some of the respondents, to my great injury and prejudice, by causing my removal as Chairman, Director, Chief Executive Officer and registered shareholder of Tiger PH.”
Earlier this month, Kazuo Okada released a press statement where he details that he would not give up on his old company and that he would pursue all legal possibilities in order to take it back.