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 Sydney Sun 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 Sydney Sun.
More InformationWASHINGTON D.C.: In a small but rare reduction to its headcount, which has grown steadily since 2010, the US Federal ...
CAMP HILL, Pennsylvania: This week, the Wall Street Journal (WSJ) reported that Rite Aid could shut down some 400 to ...
WASHINGTON D.C.: U.S. Transportation Secretary Pete Buttigieg has criticized the air traffic control staffing shortages in New York as "unacceptable" ...
BURBANK, California: A note by Needham media analyst Laura Martin released this week revealed that CEO Bob Iger told investors ...
TOKYO, Japan: This week, Toshiba revealed that a tender offer worth US$14 billion from Japan Industrial Partners (JIP) was a ...
HANOI, Vietnam: While the European Union (EU) is set to impose tariffs on its Chinese rivals, Vietnamese electric vehicle (EV) ...
GAINESVILLE, Florida: Local police report stopping children, ages 10 and 11, who had driven their family car 200 miles, in ...
Washington, D.C.: This week, the U.S. Court of Appeals for the Federal Circuit suspended 96-year-old Judge Pauline Newman from hearing ...
NEW YORK: On Tuesday, former U.S. Congressman Stephen Buyer was sentenced to 22 months in prison for trading on inside ...
NEW YORK: This week, the Virginia-based Students for Fair Admissions, founded by affirmative action opponent Edward Blum, sued the U.S. ...
LONDON, U.K.: Jet engine maker CFM International said this week that thousands of engine components may have been sold with ...
BATAM, Indonesia: Due to mounting geopolitical tensions and protests against China's activities in the South China Sea, ASEAN member nations ...