A statement released on Friday on behalf of Japanese game businessman Kazuo Okada (pictured) said Hong Kong’s Anti-Corruption Solicitation Commission (ICAC) had “unconditionally released him from bail” later in the day.
“He is no longer required to report to ICAC and bail has been returned to him unconditionally,” said a statement released by Citigate Dwy Rogerson, a financial firm telecoms firm.
In August, it was revealed that Mr Okada had issued bonds and given up his passport after attending an interview with ICAC.
The cases were confirmed to GGRAsia through email statements from Mr Okada’s side and subsequent comments from his representatives.
Mr Okada said the matter was related to a “baseless” investigative report commissioned by the current management of the Japanese conglomerate Universal Entertainment, which he founded at the time but is now estranged by allegations that it defrauded millions of dollars in business costs. He has always denied any wrongdoing.
Mr Okada has been making legal moves in Hong Kong around efforts to claim control of Okada Holdings, a Hong Kong-registered private company that owns a 68% stake in Universal Entertainment. The latter again controls Tiger Resorts, Leisure and Entertainment Inc., the promoter of Okada Manila Casino Resort in the Philippines.
Tiger Resort is going to rename it Okada Manila and float the back door of the casino resort. Mr. Okada is fighting against the move.
Mr Okada’s lawyers said earlier this month they would challenge a recent decision by a Tokyo court that ruled a 2017 settlement involving Okada Holdings valid. Under the settlement, Mr Okada’s daughter Hiromi Okada agreed to vote for her shares along with her brother Tomohiro Okada, effectively giving her control over the Universal Entertainment Empire through Okada Holdings.
BY: 카지노사이트
