ADVERTISEMENTThe judge’s denial of this appeal means the arrest warrants against the two remain valid and in effect. According to the court’s May 6, 2019 order, “there was no board resolution which authorized Usui to determine the salary of Okada. There was also no board resolution which authorized Usui to pay Okada a consultancy fee. In November 2018, a Parañaque court dismissed the intra-corporate case filed by the businessman seeking to be reinstated in the board of his former firm. UEC is a Japanese publicly listed company that is the ultimate parent company of TRLEI.

Source: Philippine Daily Inquirer May 17, 2019 08:37 UTC