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Japan's Dentsu, event company Cerespo raided by prosecutors and JFTC for suspected Olympics bid-rigging

By Toko Sekiguchi ( November 25, 2022, 08:36 GMT | Insight) -- Leading Japanese advertising agency Dentsu and sporting event planning company Cerespo were raided today by prosecutors and antitrust regulators for their suspected involvement in rigging bids for contracts at the Tokyo 2021 Olympics. The joint criminal and antitrust raid by the Special Investigation Division of the Tokyo Prosecutors Office and the Japan Fair Trade Commission was the first since the nationwide bidding collusion by drug wholesalers in October 2020, underscoring the importance and urgency surrounding the mounting Tokyo Olympics scandal.Leading Japanese advertising agency Dentsu and sporting event planning company Cerespo were raided today by prosecutors and antitrust regulators for their suspected involvement in rigging bids for contracts at the Tokyo 2021 Olympics. ...

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