Hong Kong authorities have arrested former Universal Entertainment Corporation Chairman Kazuo Okada in connection with corruption-related offenses.

In a disclosure to the Japan Stock Exchange, Universal confirmed Okada’s arrest in Hong Kong, noting that the Japanese billionaire was later on released by the Hong Kong Independent Commission Against Corruption (ICAC) after posting bail.

The announcement did not indicate the amount that Okada paid in exchange for his temporary liberty.

“Further, Mr. Okada had duly resigned from the directorship of our Company on 29 June 2017 and he has no further connection with us whatsoever. Notwith standing the aforesaid, we will render our full support and assistance to the ICAC and other law enforcement authorities should the situation require,” the company said in a statement.