Gaming tycoon Kazuo Okada indicted for estafa – ABS-CBN News

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Gaming tycoon Kazuo Okada indicted for estafa – ABS-CBN News
Kazuo Okada. Erik De Castro, Reuters/File Picture

MANILA – Eastern billionaire and gaming multi-millionaire Kazuo Okada has been indicted for estafa for allegedly receiving hundreds and hundreds of bucks in unauthorized compensation whereas CEO of the agency running Okada Manila, the Division of Justice (DOJ) talked about Monday.

In a resolution dated Dec. 7 but made public handiest on Monday, the DOJ reversed an earlier ruling by the Parañaque Metropolis Prosecutor’s Attach of living of work dismissing the criticism in opposition to Okada.

The DOJ talked about Okada is accused of pocketing round $3.1 million in compensation, all with out staunch authorization from the board of Tiger Resort, Leisure and Leisure, Inc (Tiger), the operator of Okada Manila.

Additionally indicted changed into as soon as Takahiro Usui, who changed into as soon as then president and chief running officer of Tiger, for allegedly facilitating the cost to Okada.

Assistant Disclose Prosecutor Alejandro Daguiso talked about Okada and Usui violated the firm’s by-authorized methods.

Okada changed into as soon as ousted from the firm in June 2017 over alleged irregularities in the usage of the agency’s funds.

The Eastern billionaire nonetheless filed a swimsuit in September this year in opposition to Tiger pronouncing his ouster changed into as soon as unlawful.

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