Japan’s Universal accuses founder Okada of improper loan

June 9, 2017 By Nathan Layne (Reuters) – Universal Entertainment Corp , a Japanese maker of slot machines, said on Thursday it was investigating what it suspects was an improper transfer of funds by Kazuo Okada, its founder and chairman, to a company he controls. In a statement on Universal’s website issued under the name of the company’s president, Universal said it had found the possibility of “fraudulent acts” related to a 2015 loan of HK$135 million ($17.31 million) to an unnamed third party. The statement says that all but…

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