Return casino money, Okada faction warned

The illegal Okada Manila board needed to return the money they disbursed from the casino cage or else they, including officers and employees who aided them, will face administrative, civil and criminal cases.

Tiger Resort Asia Ltd., which owns 99.9 percent of the shares in Okada Manila operator Tiger Resort Leisure and Entertainment Inc., has issued demand letters to three Okada Manila officers for the immediate return of P122 million cage money.

Through its legal counsel Ocampo & Manalo Law Firm, TRAL has sent the demand letters to Okada Manila assistant vice president for accounting and finance Gilbert Gianzon, Okada manila director for finance Renato Marcelo, and Okada Manila manager for accounts payable Rowena Chan.


Gianzon, an ex-Okada Manila employee, was recently assigned by the self-appointed board to oversee the casino cage, making him in charge of all the cash inside Okada Manila.

The three officers were involved in authorizing the release of P122 million in cash from the casino cage to TransAsia Construction Development Corp., a company linked to Kazuo Okada’s lackey Dindo Espeleta.

According to TRAL, the officers have five calendar days to return the cash to the casino cage.

To recall, Kazuo Okada and his cohorts forcibly took over Okada Manila on 31 May on the pretext of a Supreme Court-issued Status Quo Ante Order last April.However, the SQAO is a temporary measure that required both parties to return to the status quo before the removal of Kazuo Okada from TRLEI in 2017.

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