ADK president arrested over bribery allegations | Promoting

Reuters reported in the present day that president and CEO of Japanese promoting firm ADK, Shinichi Ueno, has been arrested over suspected bribery associated to the Tokyo 2020 Olympics. Two former staff have been additionally arrested by Tokyo prosecutors, the report added.

Prosecutors raided the company’s headquarters over suspicions that the corporate paid a bribe of roughly 54 million yen (US$362,000) associated to the Olympics, in response to Japanese information outlet Kyodo.

In the meantime, a former Tokyo Olympic govt, Haruyuki Takahashi, was served his fourth arrest warrant in the present day for accepting bribes valued at tens of hundreds of thousands of yen from varied firms together with toy-maker Solar Arrow.

ADK is Japan’s third-biggest promoting community following Dentsu and Hakuhodo. Within the company’s 2021 Company Report Card, Marketing campaign reported that the company has some 3,000 purchasers in its roster and is seeing vital progress in its non-Japanese companies and ventures in markets together with China, Vietnam, and Singapore.