Supreme Court orders Kazuo Okada be restored as Tiger Resorts CEO

May 12, 2022 Philippines Crime & Legal Industry Updates

The Supreme Court in the Philippines has issued a “status quo ante” order that would return Japanese mogul Kazuo Okada to his position as chairman and CEO of Tiger Resort Leisure and Entertainment (TRLEI), the operator of Okada Manila.

Okada has been in a long-running legal tussle with TRLE, which ousted him and chief operating officer Takahiro Usui from the board in June 2017. The company subsequently accused Okada of misappropriating TRLEI funds.

He was also ousted from the board of parent company, Japan’s Universal Entertainment, which brought three alleged fraud cases against the executive.

After a series of legal setbacks, Okada won a major victory in the Philippines in January this year, when the Court of Appeals quashed the embezzlement charges and the warrants for the arrest of the two men issued by a regional trial court in Paranaque City in 2019.