MANILA, Philippines – Japanese gaming tycoon Kazuo Okada was arrested by authorities upon his arrival in Manila on Monday, October 17, for grave coercion cases lodged by former business partners and executives.
The Metropolitan Trial Court of Paranaque Branch 90 and 91 issued warrants of arrest against Okada for grave coercion charges pertaining to the hostile takeover in Okada Manila last May. In a statement on Tuesday, October 18, Okada said that he returned to the Philippines to face the cases. Recall that in 2017, the Japanese pachinko tycoon was booted out by the board for alleged misuse of funds.
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