Kazuo Okada Released from Bail in Hong Kong

Japanese gaming tycoon Kazuo Okada announced on Friday he has been released from bail by Hong Kong’s Independent Commission Against Corruption, thus resolving one of his pending legal difficulties.

“Mr. Kazuo Okada is pleased to announce that Hong Kong’s Independent Commission Against Corruption (ICAC) has released him from bail unconditionally this afternoon (22 February 2019). He no longer needs to report to the ICAC and his bail money was returned to him unconditionally,” wrote an announcement from Aruze Gaming.

Okada’s run-in with the Hong Kong anti-corruption agency came about in August last year after Okada and his associate, Li Jian, were reportedly held by ICAC for conspiracy to defraud Okada Holdings, which was based on a complaint filed by Tiger Resort Asia.

Later that month, the Japanese billionaire fired back against the allegations made against him by Tiger Resort and Universal Entertainment, calling them “false and malicious” and part of “the latest attempt by Universal to harm my reputation.” He also clarified that he was only taken to ICAC to answer questions for the investigation, and reiterated that no criminal charges had been filed at the time.

According to current information, Okada is still evading an arrest warrant issued by a court in Parañaque city, the Philippines. (AGB)