Philippines Finds Okada May Have Violated Laws Over Land
This article is for subscribers only.
Philippine investigators found evidence that Japanese billionaire Kazuo Okada used companies that aren’t qualified to develop a casino in Manila.
A fact-finding panel recommended criminal charges against Okada and other parties for possible violations of a law against using front companies to own land, according to a justice department statement yesterday. Separately, the panel didn’t find sufficient evidence to recommend charges on bribery, it said. Claro Arellano, prosecutor general, said there will be a further investigation.