Japanese casino tycoon arrested in Hong Kong
Japan Today -- Aug 07
Controversial Japanese casino tycoon Kazuo Okada has been arrested in Hong Kong over alleged and unspecified "corruption-related" offences, his former company in Tokyo said on Monday.

Universal Entertainment Corp said the Hong Kong Independent Commission Against Corruption (ICAC) had arrested Okada and released him on bail.

Contacted by AFP, the ICAC was not able to confirm the information immediately, citing a policy on not commenting on individual incidents.

"Upon receipt of a corruption complaint and should there be sufficient information to pursue, the ICAC will follow up on it in accordance with the law and established procedures," the organisation said in a statement.

Okada was sacked from running Universal Entertainment in 2017 after the firm accused him of a series of "fraudulent acts ... for his own personal benefit."

According to Forbes, Okada is the 16th richest person in Japan, with a net worth that currently stands at $2.1 billion.

News source: Japan Today
Dec 12
Rakuten Inc and Walmart Inc officially opened the first Walmart e-commerce store in Japan, the Walmart Rakuten Ichiba Store, on the Rakuten Ichiba internet shopping mall. (Japan Today)
Dec 11
Tokyo prosecutors have indicted former Nissan Motor chairman Carlos Ghosn for understating his past compensation by tens of millions of dollars. They have also served an additional arrest warrant on him over similar allegations relating to his pay in the last 3 years. (NHK)
Dec 11
Japan's government has decided to revise its procedures for purchasing telecommunications equipment, a move that would effectively exclude Chinese telecom giants. (NHK)
Dec 07
SoftBank's mobile service outage Thursday across much of Japan disrupted operations ranging from flights and trains to amusement parks and logistics companies, illustrating both corporate and consumer dependence on wireless communications networks. (Nikkei)
Dec 07
Steak lovers across Japan have reason to celebrate. From Friday, they will pay less for a slab of Australian beef at hundreds of outlets run by a major retailer nationwide. (NHK)
Dec 05
Japanese prosecutors plan to rearrest former Nissan Motor Chairman Carlos Ghosn on suspicion that he underreported his compensation by another 4 billion yen ($35.4 million) over the past three fiscal years, sources familiar with the investigation told Nikkei. (Nikkei)
Dec 04
Theme park operator Huis Ten Bosch Co. plans to accept an investment from Chinese conglomerate Fosun Group as part of efforts to attract more Chinese visitors. (Japan Times)
Dec 03
Leading convenience store chain Seven-Eleven Japan Co. has asked franchise outlets in Tokyo to remove ashtray receptacles from the store premises, it was learned Sunday. (Japan Times)
Dec 01
SoftBank Group's mobile unit on Friday set an indicative price of 1,500 yen per share ahead of what would be Japan largest-ever initial public offering in December. (Nikkei)
Nov 29
Officials at major beverage maker Kirin are dropping their biggest domestic whisky brand. They say it's too difficult to maintain supply amid a recent spike in sales. (NHK)