Japanese companies indicted over alleged Olympic contract bid rigging

  • 📰 abcnews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 83%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Prosecutors have issued indictments to Japanese companies suspected of rigging bids for the 2020 Tokyo Olympics.

abc.net.au/news/tokyo-olympics-indictments-over-advertising-bidding/102036498Japanese advertising giant Dentsu Group, five other companies and seven people have been indicted over the suspected rigging of bids worth $475 million for the Tokyo 2020 Olympics and Paralympics.

Dentsu Japan's CEO and other executives will return a portion of their compensation for six months, it said. Hakuhodo, Tokyo Agency and Fuji Creative Corp parent Fuji Media Holdings also issued statements of apology. The indictment on Tuesday came after Japan's Fair Trade Commission filed a criminal complaint against the companies and individuals, citing a "huge" societal impact and the size of the contracts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ahhhh and there's ukraine and the bidens but the abc reports some minor stuff in Japan this tells me all i need to know about you, abc...

Fxxxing misleading title

Oh what a surprise. Corruption in the Olympics.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines