Japanese ad agency Hakuhodo ‘admits’ to role in Tokyo Olympics rigging
Authorities in Tokyo recently raided offices of Dentsu, ADK Holdings in this connection
Hakuhodo, a Japanese advertising and PR company, has admitted to rigging bids for hosting the 2020 Tokyo Olympics, media networks have reported.
Authorities monitoring fair trade practices in Tokyo recently raided offices of Dentsu, ADK Holdings in this connection.
The ad agency had allegedly informed Dentsu about the contracts it wanted to win and later they were the sole bidders for the same.
Dentus and Hakuhodo have agreed to cooperate with the authorities in the investigation.
