A Philippine court ordered the pachinko billionaire’s arrest soon after the DOJ recommended to file charges against him.
Philippines.- Japanese businessman Kazuo Okada appears to be in trouble in the Philippines after a local court ordered his arrest. The order comes a few days after the Department of Justice recommended to file charges against the pachinko billionaire late in December and is related to different charges involving swindling.
The order to get Mr Okada before a court of Law came from the desk of Judge Rolando How of the Parañaque City Regional Trial Court Branch 257, who issued the warrant on Friday.
The order was made public on Sunday and includes a €5.9k bail for all three charges of swindling after acquiring “through mistake or fraud” €2.76 million in salary and consultancy fees while he was CEO of Manila casino operator Tiger Resort.
In response to the DOJ’s resolution, Mr Okada’s lawyer Rean Balisi filed a motion to get the department 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.