Japanese casino mogul Kazuo Okada (centre)(Photo: Reuters/Japantimes)
Hanoi (VNA) – A Philippine court has ordered the arrest of Japanese casino mogul Kazuo Okada after the country’s Department of Justice (DoJ) recommended the filing of charges against him over three frauds.
Last month, the DoJ found cause to indict Okada for three counts of swindling after he acquire 3.15 million USD in salary and consultancy fees during his tenure as chief executive of Manila casino operator Tiger Resort through mistake or fraud.
Judge Rolando How of the Paranaque City Regional Trial Court Branch 257 ordered the National Bureau of Investigation and the Philippine National Police to present Okada to court.
The warrant of arrest was issued on January 4, and bail was fixed at 348,000 pesos (over 6,600 USD) for all three charges.
Okada said that this is a baseless accusation and he had submitted a request to the DoJ, asking it to reconsider the fraud charges.
The Japanese mogul last year was ousted as chairman of Tiger Resort’s parent, the Japanese gaming group Universal Entertainment Corp., after Universal’s board accused him of misappropriating 20 million USD. He denied wrongdoing.
It was unclear if Okada was in the Philippines when the court issued the arrest warrant. He was arrested in Hong Kong (China) in August last year in relation to multiple corruption-related charges and is currently on bail.-VNA
VNA
