Casino Supervisor Kazuo Okada Detained in Hong Kong on Fraud Charges

Casino Supervisor Kazuo Okada Detained in Hong Kong on Fraud Charges

Nippon tycoon Kazuo Okada had been reportedly arrested in Hong Kong on dupery charges , according to China’s media outlets. Mr. Okada was the creator and Chair person of pachinko and video slot manufacturer Common Entertainment Corp., but was ousted from your company survive summer once being uncovered to have transferred more than HK$150 million from its makes up about personal profit.

Chinese medium outlets revealed late the other day that Mr. Okada was initially detained through Hong Kong’s Independent Compensation Against Décadence . Organized in year 1974, the unbiased agency enhances investigating in addition to eliminating damaged activities.

As stated before, Mr. Okada was enforced out of the corporation after reviews emerged this he had misappropriated funds with two principal occasions among 2015 and even 2016 . The first celebration had needed the entrepreneur transferring the amount of HK$135 million dollars as a personal loan to Goldluck Tech Limited, a company that, as it acquired turned out, he had been related to. The transport had been meted out without a needed approval from the company’s table.

The second occasion had anxious Mr. Okada ordering the exact preparation to a HK$16-million bearer check with Tiger Destination Asia, some sort of subsidiary about Universal Activity, and had added that out. Following research by a completely independent unit, obtained found out the businessman got sought personal gain.

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