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Old Macau investor Jack Lam Yin Lok has sold his 65.05% stake in Hong Kong junket investment entity Jimei International Entertainment Group Ltd.
Its became a result of that Mr Lam was the subject of an arrest warrant in the Philippines ordered by President Rodrigo Duterte in December 2016 following widespread reports of tax evasion and has not been seen in public since reportedly leaving the Philippines on November.
Duterte had also previously ordered the seizure of Mr Lam’s assets on accusations of bribery and economic sabotage following the detention of 1,316 Chinese nationals at the Fontana Hot Spring Leisure Park.
