Prosecutors nab CEO of ad firm ADK over Tokyo Olympics ...Middle East

TOKYO: Tokyo prosecutors on Wednesday arrested the president and two former employees of Japanese advertising firm ADK Holdings Inc over suspected bribery related to the Tokyo 2020 Olympics, Japanese media said.The arrests mark the latest widening of a corruption scandal involving Olympic sponsors that has centred on a former member of the Tokyo 2020 Olympics board, but has spread across corporate Japan.Prosecutors arrested Shinichi Ueno, 68, the president and CEO of privately held ADK, and raided the company's headquarters over suspicions it and a maker of stuffed toys paid a bribe of about 54 million yen ($362,000) related to the Olympics, Kyodo said.Sun Arrow Inc, the stuffed toy maker, c

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Last updated : 19 October 2022 clock 11:08 AM

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Prosecutors nab CEO of ad firm ADK over Tokyo Olympics ...Middle East

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