Olympic sponsor fee for Japan retailer in bribery scandal was more than halved -Kyodo
18/08/2022 01:32
TOKYO, Aug 18 (Reuters) - The Tokyo 2020 Olympic sponsor fee
for Japanese suit retailer Aoki Holdings 8214.T was less than
half of the standard fee, news agency Kyodo reported on Thursday
citing unnamed sources.
To become a sponsor for the Tokyo 2020 Games, Aoki Holdings
paid 500 million yen - less than half what other sponsors paid,
according to the report.
Tokyo prosecutors arrested on Wednesday former chairman of
Aoki Holdings Hironori Aoki, former member of the Tokyo 2020
Olympics board Haruyuki Takahashi and two other executives on
suspicion of bribery. Reuters was not able to contact Aoki to
ask for comment. urn:newsml:reuters.com:*:nL1N2ZT09E
Aoki Holdings said in a statement on Thursday that it was
fully cooperating with prosecutors but could not comment further
as the investigation was ongoing.
(Reporting by Sakura Murakami; Editing by Michael Perry)
((Sakura.Murakami@thomsonreuters.com;))