Asia

Casino mogul faces arrest over financial fraud

Published

6 years ago

January 8, 2019

Niji Narayan

Philippine casino mogul faces arrest over financial fraud

Photo Source: atimes.com

Reading Time: < 1 minute

Kazuo Okada, the top-notch casino honcho in the Philippines, is reportedly facing arrest in the Philippines over a case for misappropriating over $3 million from his own former casino Manila. The Philippine Department of Justice has issued an arrest warrant against him.

The charges are that Okada either by mistake or fraud Okada took the funds in salary or consultancy fees that were not known by Tiger Resorts and were given by the former President of Tiger Resorts.

The exact whereabouts of Okada is not known. It is not even clear whether he is in the Philippines or elsewhere. For the record, Okada has always denied any wrongdoing.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.