Jimei International Entertainment Group has confirmed recent media reports regarding the arrest order placed on its executive director and controlling shareholder Jack Lam.
The company was quick to distance itself from the commotion however, which involves alleged bribery and “economic sabotage”.
“The Board confirms that the incident mentioned in the articles relate to Dr. Lam and is his own personal matter and in no way materially affects or involves the Company and its subsidiaries nor is it expected to affect the normal business operation of the Group nor any other current or future plans,” the company said in a filing to the Hong Kong Stock Exchange on Tuesday.
The incident sparks from Lam’s alleged attempt to bribe Justice Secretary Vitaliano Aguirre and Pagcor chief Andrea Domingo, which was revealed in media reports last week.
Over the weekend, President Rodrigo Duterte ordered the arrest of the Asian gambling mogul.
It has also been confirmed that Fontana Leisure Parks and Casino has now been closed by police by executive order of the president. Lam’s operation in Fort Ilocandia has also closed.
Immigration Commissioner Jaime Morente has been asked by dela Rosa to issue an Immigration Lookout Bulletin Order against Lam, and a nationwide man-hunt is now underway for his whereabouts.