Tiger Resorts Asia warns against dealing with Kazuo Okada, Tonyboy Cojuangco after hotel heist

Hong Kong-based company Tiger Resorts Asia Limited (TRAL) has warned the public against transacting with the tandem of Japanese billionaire Kazuo Okada and Pinoy businessman Tonyboy Cojuangco following their supposed illegal takeover of Okada Manila.
TRAL owns Tiger Resorts Leisure and Entertainment Inc. (TRLEl), which operates the casino and hotel complex
In a public advisory, TRAL said it “does not recognize the sham board of directors” of the hotel and casino complex, referring to Kazuo, Tonyboy, and Dindo Espeleta.

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The three are said to be behind the illegal takeover of the property on May 31, marked by an army of goons and the supposed kidnapping of incumbent board director Hajime Tokuda.
“The public is hereby WARNED that any transaction supposedly made on behalf of TRLEI, our subsidiary, by any of these individuals, or their agents and representatives, will not be honored or recognized,” the warning read.
“TRAL has NOT authorized Mr. Kazuo Okada to represent it in TRLEI and has not given any shares of stock of TRLEI to him,” it added. “TRAL has, in fact, sued Mr. Kazuo Okada and he has been found by Japanese Courts to have embezzled millions of company funds. These court rulings have attained finality. Thank you.”

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