The Court of Appeals has denied a motion to stop the Tiger Resort Leisure & Entertainment (TRLEI) board of directors from conducting business as normal, after a request from Kazuo Okada.
The company, which owns the Okada Resort in Manila, recently wrestled back control of the casino from Kazuo Okada himself, after 50 people dressed as casino workers forcibly ousted Kazuo and his team in a fracas.
Kazuo Okada had asked the Court of Appeals not to reinstate the board following his exit from the premises of Okada Manila last week; however, the court decided to reject the appeal due to Okada having a lack of authority to do so.
The TRLEI board had once been run by Kazuo Okada, as he was formerly the CEO, Chairman and Director of the company, but was deposed in 2017 following an investigation that alleged his involvement in embezzlement, money laundering and fraud.