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Japan’s main promoting company Hakuhodo has reportedly admitted to its position in rigging bids to the host check occasions for the 2020 Tokyo Olympics. The information comes three weeks after the company— together with Dentsu, ADK Holdings, Tokyu Company and several other different occasion administration and TV manufacturing companies had been raided by the Tokyo District Public Prosecutor’s Workplace and Japan’s Truthful Commerce watchdog—over the case.
In keeping with studies by native media, a Hakuhodo worker admitted to profitable bids unopposed in 2018 for the 2 check occasions they wished to safe. The corporate allegedly informed Dentsu in regards to the venues they had been concentrating on and had been the only bidders for these occasions. Dentsu granted them the 2 contracts value a complete of ¥40 million (US$290,000), together with one for Oi Hockey Stadium, unchallenged.
Hakuhodo’s alleged confession comes lower than a month after ADK voluntarily folded to its participation in illicit bid-rigging with the hope of some leniency within the matter.
The particular investigation squad believes the bid-rigging was led by the Tokyo Video games organizing committee and Dentsu. Nevertheless, until date, Dentsu denies any data of collusion.
In a press release issued to Marketing campaign Asia-Pacific, Hakuhodo stated: “Since this pertains to the continued investigation, at this level we’re unable to offer out any extra data and might be totally cooperating with the authorities.”
Dentsu additionally expressed continuous help to authorities within the ongoing investigation.
To recap, Marketing campaign Asia-Pacific not too long ago highlighted that in 2018, Dentsu and eight different corporations together with Hakuhodo, ADK, Tokyu Company, and a consortium gained 26 open bids for the rights to plan 56 check occasions, which had been designed to test operational points previous to the precise Video games. Involvement within the pre-Olympic check occasions, would have put businesses at a transparent benefit when it got here to deciding on companies to work on occasions throughout the principle Olympic Video games.
The 9 companies and the consortium finally managed the pre-events and the precise Tokyo Video games, authorities imagine a complete of ¥20 billion (US$148 million) was paid to them to handle the sporting affairs.
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