Philippine lawmakers want Okada to testify personally in ownership case

Philippine lawmakers are calling on Japanese billionaire Kazuo Okada to appear personally at a panel hearing to explain allegations he used dummy corporations to meet requirements for a casino license in Manila, local media reported. Cavite Representative Elpidio Barzaga Jr., chair of the Philippine House committee on games and amusement said members were fed up with the stonewalling by Okada’s lawyers. Barzaga raised the possibility of issuing a subpoena to force Okada to attend. The committee is looking into reports Okada used three dummy corporations to circumvent a law preventing foreign companies from owning more than 40 percent of the land when he entered into his Entertainment City venture. The Philippine Amusement and Gaming Corp has warned Okada’s venture will not be permitted to open until all legal issues are resolved.