The Paranaque Regional Trial Court has ordered the arrest of Kazuo Okada and his associates for siphoning money from Okada Manila during their forceful takeover of the integrated casino resort last year, according to a statement sent to IAG by Okada Manila.
Regional Trial Court Branch 274 Presiding Judge Hon. Regina Paz A. Ramos-Chavez ordered the issuance of the warrants of arrest against Kazuo Okada, Antonio O. Cojuangco, Dindo Espeleta, and 10 others for “qualified theft”, Okada Manila said.
Under the provision of Article 310 of the Revised Penal Code of the Philippines, “Qualified Theft” is a crime of theft with grave abuse of confidence and is subject to higher penalties than other forms of theft.
