Robert Besser
29 Nov 2022, 15:50 GMT+10
TOKYO, Japan: Japanese prosecutors raided the headquarters of advertising company Dentsu, as part of a widening investigation into corruption during the 2020 Tokyo Olympics.
Footage of Tokyo District Prosecutors and Japan Fair Trade Commission officials entering Dentsu headquarters was broadcast nationwide.
In Japan, Dentsu dominates the sectors of event organizing, marketing and public relations, and it helped the country win the hosting of the 2020 Tokyo Games, attracting record domestic sponsorships.
Former Dentsu executive Haruyuki Takahashi has been arrested four times for receiving bribes from various companies that became sponsors for the Games.
According to the newspaper Nihon Keizai Shimbun and other Japanese media outlets, the latest investigation centers around bid-rigging for companies chosen to work on test events, with $3.6 million alleged to have exchanged hands involving nine companies and one organization.
The companies involved in the earlier sponsorship scandal include Aoki Holdings, a clothing company that dressed Japan's Olympic team, and Sun Arrow, which produced the Tokyo Olympic and Paralympic mascots, Miraitowa and Someity.
Media reports also said that events company Cerespo was raided on suspicion of involvement in bid-rigging.
Speculation has been growing that the burgeoning scandal may tarnish Japan's bid for the 2030 Winter Games.
Get a daily dose of Kansas City Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kansas City Post.
More InformationWASHINGTON DC - In a major blow to U.S. President Joe Biden, less that a year out from the November ...
TOKYO, Japan: This week, the U.S. Air Force said that divers have discovered the wreckage and the remains of five ...
VANDENBERG, California: South Korea successfully launched its inaugural military spy satellite, following North Korea's recent claim of deploying its own ...
JAKARTA, Indonesia: The death toll from the eruption of Indonesia's Marapi volcano surged to 22 as rescuers discovered additional climbers ...
In September, Tamir Pardo, who headed the Mossad, Israel's national intelligence agency, under Prime Minister Benjamin Netanyahu from 2011 to ...
HONOLULU, Hawaii: U.S. Navy officials say that it would cost some $1.5 million to salvage a P-8A jet plane that ...
NEW YORK: This week, ratings agency Moody's warned that it could downgrade China's credit rating, citing costs to bail out ...
NEW YORK, New York - AI set the scene for solid gains in technology shares on Thursday. Demand for Alphabet ...
WASHINGTON D.C.: To help reduce car collisions with wildlife and help animals safely cross roadways, the U.S. Transportation Department has ...
BRUSSELS, Belgium: To address power shortages at electric vehicle (EV) charging stations, last week, the European Commission announced plans to ...
BEIJING, China: Falling hog prices, mounting losses and rising debt are putting pressure on the biggest pig breeders in China, ...
NEW YORK, New York - A decline in labor costs as measured by ADP failed to boost U.S. Markets Wednesday."ADP's ...