Okada denies paying bribe for Philippine license

    Japanese billionaire Kazuo Okada denied reports he paid a bribe to receive a license for Universal Corp’s Manila Bay Resorts project in the Philippines, pointing out that he had been granted a permit on the same terms as other operators in the complex.
    “Hence, there would be no basis to allegations that improper payments were made to obtain preferential treatment,” Okada’s lawyer Yuki Arai was quoted by local media as saying.
    Arai said the company neither sought nor received “special benefits” with regard to the status of the entertainment complex as a Philippine Economic Zone Authority (PEZA)-designated zone.
    The U.S. Federal Bureau of Investigation, the Nevada gaming regulator and the Philippine government are all looking into the bribery claims in a long-running dispute.