Picture of Tokyu logo

9005 Tokyu News Story

0.000.00%
jp flag iconLast trade - 00:00
IndustrialsConservativeLarge CapTurnaround

Tokyo prosecutors raid ad agencies Hakuhodo, Tokyu Agency in bid-rigging probe -NTV (updated)

(Adds additional companies reported to be raided, details)
       TOKYO, Nov 28 (Reuters) - Tokyo prosecutors on Monday
raided the offices of advertising agencies Hakuhodo DY Holdings
Inc  2433.T  and Tokyu Agency in connection with possible
bid-rigging related to Tokyo Olympics test events, Japanese
broadcaster NTV reported on Monday. 
    The move follows Friday's raid on the headquarters of
another ad agency, Dentsu Group Inc  4324.T , part of a widening
scandal into corruption during the Tokyo 2020 Olympics.
    Prosecutors also raided two other firms, including TV
production firm FCC, a subsidiary of Fuji Media Holdings Inc
 4676.T , the Asahi daily reported. 
    In August, Haruyuki Takahashi, a former member of the Tokyo
2020 Olympics board and before that a Dentsu executive, was
arrested on suspicion of receiving bribes from Olympic sponsors.
 urn:newsml:reuters.com:*:nL1N30D07J
 (Reporting by Kantaro Komiya; Wrriting by Elaine Lies; Editing
by Edmund Klamann)
 ((elaine.lies@thomsonreuters.com; +81-3-4563-2748; Reuters
Messaging: elaine.lies@thomsonreuters.com))

Recent news on Tokyu

See all news