FILE - Workers prepare to remove giant Olympic rings from the waterfront area at Odaiba Marine Park after 2020 Summer Olympics came to an end on Aug. 8 in Tokyo, Japan, Wednesday, Aug. 11, 2021. A Japanese company embroiled in the 2020 Tokyo Olympic corruption scandal said Thursday, Feb. 2, 2023, it would strengthen oversight to prevent further wrongdoing.
FILE - Workers prepare to remove giant Olympic rings from the waterfront area at Odaiba Marine Park after 2020 Summer Olympics came to an end on Aug. 8 in Tokyo, Japan, Wednesday, Aug. 11, 2021. A Japanese company embroiled in the 2020 Tokyo Olympic corruption scandal said Thursday, Feb. 2, 2023, it would strengthen oversight to prevent further wrongdoing. said Thursday it would strengthen oversight to prevent further wrongdoing.
Kadokawa “seriously betrayed public trust,” company president Takeshi Natsuno said. He bowed deeply with two other executives to show remorse in a news conference. Tsuguhiko Kadokawa, the son of the founder, was arrested in September on suspicion of bribing Haruyuki Takahashi, a member of the Tokyo Olympic organizing committee, with 69 million yen .Takahashi is a former executive at the Japanese advertising companywhich played a key role in 2013 in landing the Olympics for Tokyo, and then became the Tokyo Games marketing arm.
Takahashi was arrested and released from jail after being held for about four months. Japanese media say he is denying the corruption charges.He also faces bribery allegations in connection with several companies tied to the Tokyo Olympics: Aoki Holdings, a clothing company that dressed Japan’s Olympic team; Daiko Advertising Inc., ADK Marketing Solutions, and Sun Arrow, which produced the Tokyo Olympic and Paralympic mascots named Miraitowa and Someity.