Kazuo Okada, former chairman of Universal Entertainment, has filed a lawsuit against the company he founded, Tiger Resort Leisure and Entertainment Inc (TRLEI).
Okada has also asked the Parañaque City Regional Trial Court to reinstate him to his former positions of Shareholder, Director, Chairman and CEO at Tiger Resort.
According to reports, Okada filed his lawsuit, which describes his ousting from Tiger Resorts as “unlawful” and as “being without authority.”
Okada said in a separate statement: “These trumped-up charges were merely meant to harass me and justify my illegal ouster.
“Far from being valid cases, their baseless accusations only serve to demonstrate the grand conspiracy perpetrated by my detractors who betrayed my trust. Their real goal is to make sure that my good name is ruined.”
This lawsuit is the latest development in a long-running feud between Okada and Universal Entertainment, which began in 2017.
Okada was ousted from Universal's parent company, Okada Holdings, after being “found guilty of fraudulent acts.”
This then led to his dismissal from the board of TRLEI, the operator behind the Okada Manila casino resort.
Last month, Okada was arrested in Hong Kong on corruption charges, which were bought to the attention of authorities by Tiger Resort.
Aruze Gaming came to Okada's defence after the arrest last month, writing in a letter that “no charges” were actually filed against him after news of his arrest came out.
Aruze went on to suggest Okada and his family were “the victims” of “false and malicious allegations made by Universal Entertainment Corporation (“UEC”) and its senior executives.”
