Connect with us

Hi, what are you looking for?

World News

Tokyo Olympics ex-official arrested in alleged bid-rigging case — NHK

TOKYO — Japanese prosecutors arrested a former Tokyo Olympics organizing committee official for his involvement in the alleged bid-rigging of test events for the Games, public broadcaster Nippon Hoso Kyokai  (NHK) reported on Wednesday.

The former deputy executive director of the Tokyo 2020 Games Operations Bureau was arrested for suspected breach of antitrust laws, NHK said.

Tokyo prosecutors have raided the offices of advertising giants Dentsu, Inc, Hakuhodo DY Holdings, Inc. and others on suspicion of colluding to rig the bid and orders for Olympics-related events worth an estimated 40 billion yen ($305 million), local media have reported. — Reuters

    You May Also Like

    Business

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    Business

    1.22 billion people use Instagram every month. That’s a huge number of Instagrammers trying to hit it big on the platform all at the...

    Business

    The Home Office has made next to no progress in tackling criminal fraud during the past five years, despite it having become Britain’s most...

    Business

    Since the rise of online casinos, cybersecurity has become a major concern for both casino operators and players alike. The transactions that go around...

    Disclaimer: rightdecisionnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023 rightdecisionnow.com | All Rights Reserved