• Loading stock data...
Sunday, April 14, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

Japanese Ad Giant Indicted on Bid-Rigging Charges for Olympics

  • Dentsu Group is among six companies indicted over the suspected rigging of bids for the Tokyo 2022 Olympics and Paralympics.
  • Seven individuals were also indicted.
A general view of the Olympic rings and Japan National Stadium during the opening ceremony of the Tokyo 2020 games.
Yukihito Taguchi-USA TODAY Sports

Japan’s largest advertising agency is one of six companies indicted for allegedly rigging bids for the Tokyo 2020 Olympics and Paralympics. 

Dentsu Group, Hakuhodo DY Holdings, Tokyu Agency, Fuji Creative Corporation, Cerespo, and Same Two, along with seven individuals, were indicted on Tuesday following months of investigations into the planning and sponsorship of the Games. 

They’re accused of rigging bids worth $320 million for Olympic “test events,” or dress rehearsals.

Roughly half of the 26 test events only had one firm bidding for each, resulting in contracts awarded with no competition. 

Dentsu president and CEO Hiroshi Igarashi reportedly admitted his firm’s involvement. Koji Henmi, former assistant chief of the sports department at Dentsu, was arrested on Feb. 8 for his alleged involvement in the bid-rigging. Last year, a former Dentsu executive was arrested in a separate probe.

In response, Dentsu claims it had set up a committee of outside experts to review and investigate the case, and Dentsu Japan’s CEO and other executives are set to return some compensation for six months.

If the allegations are proven, Tokyo Gov. Yuriko Koike has said she plans to seek damages from Dentsu and other organizers for driving up the hosting costs for Tokyo and taxpayers.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Salt Lake City About to Land NHL’s Coyotes (Minus Their Name)

Salt Lake City’s NHL franchise will have a new name.

NFL’s Expanded Helmet Options Come With a Perk: More Merch

Teams can now add a third helmet design to their overall look.

Another Green Jacket and $3.6M: Scottie Scheffler Wins the Masters

The Masters offered a tournament record purse of $20 million this year.

Cheap Sandwiches, Pricey Shirts, and the Wild World of the Masters

The Masters is underway at Augusta National Golf Club.

Featured Today

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.
Mar 31, 2024; Portland, OR, USA; NCAA officials measure the three point line while coaches from the Texas Longhorns and NC State Wolfpack watch with referees in the finals of the Portland Regional of the NCAA Tournament at the Moda Center center.
April 1, 2024

NCAA Has No One to Blame for Latest Women’s March Madness Transgressions

NCAA is still making avoidable mistakes three years after a complete overhaul.
Nov 16, 2015; Bloomington, IN, USA; General view of the championship banners at Assembly Hall prior to the game between Austin Peay and Indiana.
March 31, 2024

How to Make It in Basketball: Become a Manager at Indiana

Inside the Hoosiers’ unglamorous, profoundly rewarding incubator for basketball’s biggest names.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Nike
Multiple - USA Careers
NBA
Multiple - USA Careers
Dunham's Sports
Multiple - USA Careers

Ukraine’s Improbable Soccer Run Continues With Euros Qualification

The country reaches its first major soccer tournament since Russia’s invasion began.
March 4, 2024

FIA President Under Investigation for Alleged F1 Race Tinkering 

Mohammed Ben Sulayem is being scrutinized for his role in overturning a crucial penalty at F1’s 2023 Saudi Arabian Grand Prix. 
March 6, 2024

Super Bowl LVIII Scores Big With International Viewers

The NFL gets a 10% global boost compared to last year.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
February 29, 2024

Paris Games Gain Momentum With $2B Completion of Olympic Village

The $2.2 billion housing project finished on time and was essentially on budget.
Everton goalkeeper Jordan Pickford passes during the first half against the Everton.
February 26, 2024

Everton Financial Punishment Trimmed After Appeal Is Partially Successful

Everton’s appeal of the EPL’s 10-point punishment was reduced to a six-point loss.
Lionel Messi
February 23, 2024

Copa América Tickets Climb in Latest Lionel Messi Effect

Tickets for Argentina’s game in Miami are pushing five figures.
German protests
February 21, 2024

German Football League Abandons Outside Investment After Protests

Bundesliga rethinks $1 billion media rights plan.