Japanese pachinko tycoon Kazuo Okada on Tuesday said he had been detained briefly upon returning to the Philippines, over criminal charges related to his forceful takeover of a $3.3 billion gambling resort in May.
His arrest, over a complaint filed against him by an opponent for “grave coercion”, was made public by Okada, who was held on Oct. 17 after arriving from Japan but immediately posted bail, and his business rival’s camp.
“I have nothing to fear when I know I am standing on the right side of the law,” Okada said in a statement.Philippine representatives of Japan’s Universal Entertainment Corpregained control of the integrated casino-resort in September, backed by an order from the gaming regulator.
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