The public prosecutor’s office in Makati, in the Philippine capital Manila, has decided not to take action on three criminal complaints against Japanese entrepreneur Kazuo Okada (pictured) that he falsified some documents, including a submission to a bank telling it there were new authorised signatories for Tiger Resort, Leisure and Entertainment Inc (TRLEI), an entity responsible for operating the Okada Manila casino resort.
According to local media reports, assistant prosecutor Kristina So-Reyes ruled there was no probable cause to charge Mr Okada and four others with falsification of a public document by a private individual; use of falsified document; and falsifying and making false claims in a company secretary’s certificate issued to a local bank.
The complaints had been made by Hajime Tokuda, a director of Japanese leisure conglomerate Universal Entertainment Corp, the parent firm of TRLEI. Mr Okada had been ousted from Universal Entertainment, a group he founded, and then from TRLEI, in June 2017, amid allegations he had committed fraud, which he denied.
The reports said that Mr Tokuda alleged, in his May 30 complaint this year, that Mr Okada and four supporters had engaged in falsification regarding a letter dated May 3, 2022, and a company secretary’s certificate dated May 4, 2022.
But the Makati City Prosecutor’s Office decided that the actions of Mr Okada and the other four were related to a status quo ante order issued by the Philippine Supreme Court on April...
Urges Shareholders to Vote "FOR” Genco’s Highly Qualified Board on the WHITE Proxy Card - and "WITHHOLD” on Diana’s Nominees For More Information Visit www.GencoDrivesSuperiorReturns.com NEW YORK, ...