DOJ affirms dismissal of another estafa case vs Japanese billionaire Kazuo Okada

Mike Navallo, ABS-CBN News

Posted at Jan 20 2019 07:48 PM

MANILA -- The Department of Justice has affirmed the dismissal of another estafa case against Japanese gaming tycoon and billionaire Kazuo Okada, this time over defective LED strips installed in Okada Manila. 

Tiger Resort, Leisure and Entertainment, Inc. (TRLEI) owner of hotel and casino complex Okada Manila, had filed a complaint for estafa against Okada, two of its other former officers and Aruze Philippines Manufacturing, Inc. accusing Okada of colluding with the other officers in awarding the LED contract to Aruze, allegedly owned by Okada.

But the LEDs started to fail days after Okada Manila’s launch in March 2017 and was shut down by July of the same year.

In a resolution dated December 21, 2018 but made public on Sunday, Assistant State Prosecutor Alejandro Daguiso said there was no criminal fraud to support the estafa complaint.

But he said TRLEI is not precluded from claiming civil liability in court based on breach of contract.

The DOJ earlier indicted Okada for allegedly receiving over $3.1 million in unauthorized compensation.