Casino Ceo Kazuo Okada Detained around Hong Kong at Fraud Cost
Types tycoon Kazuo Okada appeared to be reportedly in jail in Hong Kong on scam charges , according to Chinese media shops. Mr. Okada was the president and Chairman of pachinko and video slot manufacturer Universal Entertainment Corp., but was ousted within the company last summer subsequently after being discovered to have shifted more than HK$150 million through its makes up personal gain.
Chinese news flash outlets revealed late a week ago that Mr. Okada ended up being detained just by Hong Kong’s Independent Compensation Against Décadence . Recognized in 1974, the distinct agency is in charge of investigating as well as eliminating damaged activities.
As stated before, Mr. Okada was pushed out of the corporation after reviews emerged which will he had misappropriated funds on two major occasions in between 2015 and also 2016 . The first situation had concerned the businessman transferring the level of HK$135 , 000, 000 as a loan to Goldluck Tech Restricted, a company the fact that, as it received turned out, he previously been linked to. The pass had been held without a essential approval with the company’s board.
The second time had anxious Mr. Okada ordering the exact preparation of any HK$16-million bearer check coming from Tiger Location Asia, some sort of subsidiary for Universal Pleasure, and had added that out and about. Following seek by a private unit, it turned out found out that businessman got sought individual gain. Læs videre “Casino Ceo Kazuo Okada Detained around Hong Kong at Fraud Cost”