Philippine DOJ targets Kazuo Okada
The Philippine DOJ has suggested to file charges against businessman Kazuo Okada for allegedly misappropriating Okada Manila casino money.
Philippines.- Japanese pachinko businessman Kazuo Okada could be facing a lawsuit in the Philippines as the Department of Justice (DOJ) has suggested to file charges against him for -allegedly- misappropriating €2.78 million from the operator of the Okada Manila Casino.
In a resolution released on Monday (but dated December 7), the Philippine DOJ assured that it had found cause to indict the Japanese billionaire for three counts of swindling. The authority says he acquired “through mistake or fraud” €2.78 million in salary and consultancy fees from Tiger Resort where he served as CEO.
The casino operator had asserted the money had been payed by its former president but wasn’t authorised by Tiger Resort’s board.
In response to the resolution, Mr Okada’s lawyer Rean Balisi advanced he will file a motion to get the DOJ to reconsider its position. The Japanese businessman, who left Tiger Resort’s parent company Universal Entertainment Corp after the board accused him of misappropriating €17.6 million, had referred to the issue as an internal matter.
