Universal Entertainment Corporation announced to prosecute the persons who worked with Mr. Kazuo Okada, illegally and forcefully took over Okada Manila yesterday, May 31.
Named by Universal Entertainment Corporation are Mr. Kazuo Okada, Tonyboy Cojuangco, a former director of TIGER RESORT, LEISURE AND ENTERTAINMENT, INC. (“TRLEI”), and Dindo Espeleta, a building contractor, and the 50 Parañaque City police officers and private security guards and others who unceremoniously forced several TRLEI officers and employees to leave the premises and illegally dismissed key employees without any authority.
Read the full statement:
Notice of Illegal Occupation and Other Illegal Activities Occurring at TRLEI
Universal Entertainment Corporation (the “Company”) hereby announces that yesterday (May 31, 2022), several persons under the direction of Mr. Kazuo Okada, a former director of the Company, illegally and violently entered and occupied OKADA MANILA premises.
These individuals included Mr. Tonyboy Cojuangco, a former director of TIGER RESORT, LEISURE AND ENTERTAINMENT, INC. (“TRLEI”), and Mr. Dindo Espeleta, a building contractor, who, accompanied by approximately 50 Parañaque City police officers and private security guards and others, illegally and unceremoniously forced several TRLEI officers and employees to leave the premises and illegally dismissed key employees without any authority.
There are no administrative or judicial permits, orders, etc. to justify their actions, and these are serious
criminal offences committed illegally and violently.
For such serious criminal offences as trespassing, obstruction of business, unlawful occupation, theft, assault, injury and incitement, TRLEI will immediately file criminal charges.
Tiger Resort Asia Limited (“TRA”), having 99.9% of TRLEI’s voting rights, is a wholly-owned subsidiary of the Company and a Hong Kong company, which is thus not under the jurisdiction of Philippine courts nor subject to the effect of the Supreme Court Order dated 27 April 2022 issued by the Philippine Supreme Court, Second Division. The current directors of TRLEI have therefore been duly appointed by TRA in accordance with the law and will continue to be responsible for the management of TRLEI.
Furthermore, TRA dismissed Mr. Okada from the board of directors of TRLEI in June 2017, which was also done in response to Mr. Okada’s misappropriation of approximately 2 billion Japanese yen of the Company’s and its subsidiaries’ funds, and a liability for damages lawsuit brought by the Company against Mr. Okada has already been confirmed as Mr. Okada’s defeat as the decision final was made by the Japanese Supreme Court in September 2021. The Japanese Supreme Court has also ruled in April 2022 that there was no defamation with regard to the defamation lawsuit brought by Mr. Okada against the Company
and others.
It also should be noted that Mr. Okada is currently being sued by a law firm in Illinois, USA, for damages of approximately 7 billion Japanese yen for non-payment of legal fees, and another law firm in Hong Kong is also suing him for non-payment of fees.
There are no administrative or judicial permits, orders, etc. to justify their actions, and these are serious criminal offenses committed illegally and violently.
For such serious criminal offenses as trespassing, obstruction of business, unlawful occupation, theft, assault, injury and incitement, TRLEI will immediately file criminal charges.
Tiger Resort Asia Limited (“TRA”), having 99.9% of TRLEI’s voting rights, is a wholly-owned subsidiary of the Company and a Hong Kong company, which is thus not under the jurisdiction of Philippine courts nor subject to the effect of the Supreme Court Order dated 27 April 2022 issued by the Philippine Supreme Court, Second Division.
The current directors of TRLEI have therefore been duly appointed by TRA in accordance with the law and will continue to be responsible for the management of TRLEI.
Furthermore, TRA dismissed Mr. Okada from the board of directors of TRLEI in June 2017, which was also done in response to Mr. Okada’s misappropriation of approximately 2 billion Japanese yen of the Company’s and its subsidiaries’ funds, and a liability for damages lawsuit brought by the Company against Mr. Okada has already been confirmed as Mr. Okada’s defeat as the decision final was made by the Japanese Supreme Court in September 2021. The Japanese Supreme Court has also ruled in April 2022 that there was no defamation with regard to the defamation lawsuit brought by Mr. Okada against the Company and others.
It also should be noted that Mr. Okada is currently being sued by a law firm in Illinois, USA, for damages of approximately 7 billion Japanese yen for non-payment of legal fees, and another law firm in Hong Kong is also suing him for non-payment of fees.
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