Japanese billionaire face anti-dummy charges in PH


OKADA-GENUINO LINK. The Freeh report cites links of former Pagcor chair Genuino's associates to firms of embattled Japanese businessman Kazuo Okada.

Japanese pachinko billionaire Kazuo Okada, 8 Japanese casino executives, 16 Filipinos, including lawyers from the SyCip Salazar Hernandez and Gatmaitan law firm are facing charges over possible violations of the Anti-Dummy Law in the Philippines. An investigating panel of the Department of Justice found that these 25 individuals and 10 companies made it appear in 2007 that the Okada group qualified to acquire the land where its US$2-billion Manila Bay Resorts casino-entertainment project will be located. The DOJ said that “right from the beginning, (Okada-led) Universal (Entertainment) is behind the operations of the 3 (dummy) corporations.” Philippine laws do not allow foreigners to own land. The same DOJ panel, however, found that there is not enough evidence that Okada and Universal Entertainment bribed Filipino regulators in 2010 for the upcoming Manila casino project.

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