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Companies

Japanese gaming tycoon arrested by Hong Kong graft buster

Kazuo Okada   © Reuters

HONG KONG (Kyodo) -- Japanese gaming tycoon Kazuo Okada has been arrested by Hong Kong's anti-corruption agency over corruption allegations, the company he founded said Monday.

Universal Entertainment Corp., of which Okada was director until last year, said in a statement that he was arrested by the Independent Commission Against Corruption "in relation to various corruption related offences" and is currently released on bail.

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