Olympic sponsor fee for Japan retailer in bribery scandal was more than halved -Kyodo
The Tokyo 2020 Olympic sponsor fee for Japanese suit retailer Aoki Holdings was less than half of the standard fee, news agency Kyodo reported on Thursday citing unnamed sources. Reuters was not able to contact Aoki to ask for comment.
- Country:
- Japan
The Tokyo 2020 Olympic sponsor fee for Japanese suit retailer Aoki Holdings was less than half of the standard fee, news agency Kyodo reported on Thursday citing unnamed sources. To become a sponsor for the Tokyo 2020 Games, Aoki Holdings paid 500 million yen - less than half what other sponsors paid, according to the report.
Tokyo prosecutors arrested on Wednesday former chairman of Aoki Holdings Hironori Aoki, former member of the Tokyo 2020 Olympics board Haruyuki Takahashi and two other executives on suspicion of bribery. Reuters was not able to contact Aoki to ask for comment. Aoki Holdings said in a statement on Thursday that it was fully cooperating with prosecutors but could not comment further as the investigation was ongoing.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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