MANILA - A Manila prosecutor has dismissed the perjury case filed by Tiger Resort Leisure and Entertainment Inc (TRLEI) against casino mogul Kazuo Okada based on a document released by his lawyers dated March 5.
The perjury case against Okada, filed by TRLEI was dismissed due to lack of sufficient evidence, his lawyers said in a statement.
TRLEI accused Okada of committing perjury when the gaming mogul claimed he still owned and controlled TRLEI through Okada Holdings Limited and several other companies.
But Senior Assistant City Prosecutor Franciso Salomon said Okada was under the impression that he never lost ownership and control of these companies.
In June 2017, Okada was removed as chairman and CEO of TRLEI, which owns Okada Manila, amid allegations of improper loans and transfer of company funds.
The casino mogul, however, filed a suit in September 2018 saying his ouster was illegal.
“Hence, it is the belief of respondent Okada that since his ouster or removal from OHL as sole director was illegal and void ab initio, he never lost the beneficial ownership and majority control of OHL, UEC, TRAL and TRLEI,” Salomon said in the decision.
Okada is still facing arrest after a Parañaque court issued a warrant against him in connection with 3 estafa cases.