Kazuo Okada files charges against Tiger Resort board of director

Kazuo Okada appears to be stepping up his fight against his former company, Tiger Resort Leisure and Entertainment Inc (TRLEI). The Japanese tycoon has filed charges of estafa (or fraud, basically) and qualified theft against his former company for their act of removing him from the company.

Several well-known personalities and important members of the TRLEI board, are listed in the charges. It includes Toyboy Cojuanco, a director of the company, Manual “Lolong” Lazaro, another director who used to be a Ferdinand Marcos lawyer. It also includes his estranged wife, Takako Okada, his son, Tomohiro Okada, and the rest of the board of directors.

In the complaint, Okada was noted as saying:

“The respondents, being then directors, officers, and/or nominee/trustee shareholders of the companies I own and control, conspiring and confederating together and mutually helping and aiding one another, did then and there willfully, unlawfully and feloniously (a) take, seize, and appropriate for themselves, my ownership and management rights and interest in [TRLEI] or Okada Manila, without my consent, with grave abuse of confidence, and with intent to gain; and (b) converted and misappropriated, the shares of stock of [TRLEI], and the rights, powers and duties of directors of [TRLEI], I had entrusted to some of the respondents, to my great injury and prejudice, by causing my removal as Chairman, Director, Chief Executive Officer and registered shareholder of Tiger PH.”