Tokyo Olympics bribery scandal shows no sign of slowing down, company apologises

A Japanese company embroiled in the 2020 Tokyo Olympic corruption scandal said Thursday it would strengthen oversight to prevent further wrongdoingTakeshi Natsuno president of the Japanese entertainment company Kadokawa bowed deeply with two other executives to show remorse in a news conference He said the company seriously betrayed public trustTsuguhiko Kadokawa the son of the founder was arrested in September on suspicion of bribing Haruyuki Takahashi a member of the Tokyo Olympic organizing committee with 69 million yen 480000Kadokawa Group was chosen as an Olympic sponsor and published the Games program and guidebooksTakahashi is a former executive at the Japanese advertising company Dentsu which played a key role in 2013 in landing the Olympics for Tokyo and then became the Tokyo Games marketing armTakahashi was arrested and released from jail after being held for about four months Japanese media say he is denying the corruption chargesHe also faces bribery allegations in connection with several companies tied to the Tokyo Olympics Aoki Holdings a clothing company that dressed Japans Olympic team Daiko Advertising Inc ADK Marketing Solutions and Sun Arrow which produced the Tokyo Olympic and Paralympic mascots named Miraitowa and SomeityAny trials are likely to be slow moving as the Japanese court process tends to be drawn out and more than a dozen people are involvedProsecutors say Takahashi acted in ways to favor the companies with sponsorships and other benefits related to the Olympics in return for the bribesProsecutors say besides the bribery scandal a separate probe is ongoing into bidrigging and the choice of venues for Olympic test eventsThe sprawling corruption allegations surrounding Tokyo have caused the bid by the northern Japanese city of Sapporo for the 2030 Winter Games to be placed on holdSapporo was considered the favorite for 2030 partially because of Japans reliability and heavy spending to hold the delayed Tokyo GamesThe Switzerlandbased International Olympic Committee is reported to have Salt Lake City as the lone candidate to hold the 2030 GamesSalt Lake organizers have said they would prefer 2034 not wanting to directly follow Los Angeles which will hold the 2028 Summer OlympicsThe official price tag for the Tokyo Olympics and Paralympics was 13 billion although a government audit suggested real costs might be twice that much About 6037 of Tokyo Olympic spending was public moneyThe Games were postponed for a year and held in 2021 because of the COVID19 pandemicThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever