Japan ad giant Dentsu named in Olympics bid-rigging complaint
Japanese advertising giant Dentsu Group and five other firms have been indicted with the alleged bid-rigging of contracts for the Tokyo 2020 Olympics.The announcement follows months of investigations into alleged corruption in the planning and sponsorship of Olympics and Paralympics events.that it "takes the situation seriously and offers its sincere apologies to its business partners, shareholders, and all other relevant parties for any inconvenience or concern this may cause.
"We also take this situation very seriously. The entire Hakuhodo DY group is committed to thorough compliance and to regaining the trust of society," it added.against Dentsu, Hakuhodo DY Holdings and four other advertising agencies. Last year, Haruyuki Takahashi, an ex-member of the Tokyo 2020 Olympics organising committee and previously an executive at Dentsu, was arrested on suspicion of receiving bribes from Olympic sponsors.
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