Japanese businessman Kazuo Okada scored twin legal victories against his former gaming firm, Tiger Resort Leisure and Entertainment Inc., the company behind Okada Manila, one…
Japanese businessman Kazuo Okada scored twin legal victories against his former gaming firm, Tiger Resort Leisure and Entertainment Inc., the company behind Okada Manila, one of three integrated casino resorts in Pagcor Entertainment City in Parañaque.
In separate resolutions, the City Prosecutor’s office of Parañaque dismissed “for lack of probable cause” two estafa complaints against the gaming tycoon.
The first complaint alleged Okada had released $3.15 million in company funds for himself and several associates as salaries and consultancy fees, while the second involved the payment of $7.09 million to Aruze Philippines Manufacturing, an Okada company that supplied allegedly defective LED strip lights to the casino.
In dismissing the complaints, the court said the legal controversies were civil in nature in the form of intracorporate disputes.
“A legal remedy may lie before appropriate forum or fora taking into consideration the intracorporate nature of the instant complaint but definitely not before this very office since it only receives complaints that are criminal in nature,” City Prosecutor Amerhassan Paudac said regarding the first complaint.
