Japanese prosecutors arrested on Wednesday a former Tokyo Olympics organising committee official and executives at three advertising agencies on suspected bid-rigging of test events for the Games, the Tokyo District Public Prosecutors Office said.
The arrests come after months of investigations into alleged corruption in the planning and sponsorship of the international sporting event that was held in 2021 after a pandemic-driven postponement.
Yasuo Mori, the former deputy executive director of the Tokyo 2020 Games Operations Bureau, was arrested for suspected breach of antitrust laws, the Asahi newspaper and other Japanese publications reported.
Dentsu said in a statement that a former employee, who currently works at a group firm in Japan, was arrested. “We sincerely apologise to all stakeholders, including our clients, for causing tremendous trouble and worries,” it said, adding the company would fully cooperate with the investigation.
Featured News
Athletes Behind NCAA Antitrust Settlement Push for Collective Bargaining Rights
Dec 11, 2024 by
CPI
Big Tech Stocks Surge as Trump Names Ferguson to Lead FTC
Dec 11, 2024 by
CPI
Synopsys Proposes Divestitures to Secure EU Approval for $35 Billion Ansys Deal
Dec 11, 2024 by
CPI
Renowned Antitrust Expert and Former Morgan Lewis Chair John Shenefield Passes Away
Dec 11, 2024 by
CPI
Trump Taps Mark Meador for Federal Trade Commission Post
Dec 11, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Moats & Entrenchment
Nov 29, 2024 by
CPI
Assessing the Potential for Antitrust Moats and Trenches in the Generative AI Industry
Nov 29, 2024 by
Allison Holt, Sushrut Jain & Ashley Zhou
How SEP Hold-up Can Lead to Entrenchment
Nov 29, 2024 by
Jay Jurata, Elena Kamenir & Christie Boyden
The Role of Moats in Unlocking Economic Growth
Nov 29, 2024 by
CPI
Overcoming Moats and Entrenchment: Disruptive Innovation in Generative AI May Be More Successful than Regulation
Nov 29, 2024 by
Simon Chisholm & Charlie Whitehead