Yahoo! Philippines News - Latest Philippines News & International News Headlines: UPDATE 1-Manila probes Okada payment, Universal shares drop

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UPDATE 1-Manila probes Okada payment, Universal shares drop Nov 19th 2012, 08:18 * U.S. regulators also investigating Philippine payments * Philippine regulator reviewing Okada casino plan * Universal shares drop 11 pct to nine-month low TOKYO/MANILA, Nov 19 (Reuters) - Prosecutors in Manila willinvestigate whether bribes were paid in relation to the $2billion Manila Bay casino being developed by Japanesebillionaire Kazuo Okada, a spokesman for Philippine PresidentBenigno Aquino said on Monday. ...

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