Thursday, October 29, 2020

Japan businessman claims he gave gifts to help secure Tokyo Olympic games

-

A member of the Tokyo 2020 Olympics organising committee has claimed he gave gifts to former World Athletics president Lamine Diack in Japan’s bid to host the Games.

Businessman Haruyuki Takahashi was paid £6.66million by the committee behind Tokyo’s initial bid to win the Games, according to financial records.

And Takahashi admitted to Reuters his role included lobbying the likes of Diack, whom he gave digital cameras and a Seiko watch. Takahashi said: “They’re cheap.”

Diack remains under house arrest in France, where he is awaiting trial over bribery and corruption charges around the bids to win both the 2016 and 2020 Summer Games.

- Advertisement -

The Senegalese former head of global athletics is alleged to have taken bribes to help both Rio de Janeiro and Japan win their respective races to host the Games.

Takahashi has denied any wrongdoing in his bid to persuade Diack to vote for Tokyo, saying it was normal to give gifts to improve relations.

Diack, meanwhile, continues to deny any wrongdoing, his lawyer saying ahead of his case that he “denies all allegations of bribery”.

- Advertisement -
- Advertisement -

MUST READ

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

South Korea’s former Vice Justice Minister sentenced to jail for bribery and sexual favors

Former Vice Justice Minister Kim Hak-eui, the figure at the center of one of Korea’s biggest political sex scandals, was placed under pretrial detention...

Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Swiss court upholds money-laundering conviction of ex-Ukrainian lawmaker Martynenko

A Swiss court has upheld the conviction of former Ukrainian lawmaker Mykola Martynenko for laundering via Swiss banks millions of dollars worth of kickbacks...

Two U.S. Navy service members get prison for defrauding military insurance program

Two U.S. Navy service members were sentenced in San Diego federal court Friday for their roles in an insurance fraud scheme that involved making false medical claims to...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Spanish police arrests operator of Crypto Arbitrage firm Arbistar on fraud charges

The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks