The president of Dentsu Group Inc. has admitted to prosecutors the Japanese ad giant's involvement in rigging bids over the Tokyo Olympics, sources close to the matter say, as a corruption scandal engulfing the global sports event widened.
Investigators on Nov. 28 searched the offices of four more companies in Tokyo including major advertising company Hakuhodo DY Holdings Inc. in connection with the suspected bid rigging of Olympic test events.
Japanese prosecutors and a fair trade watchdog on Nov. 28 searched offices including the headquarters of major advertising agency Hakuhodo Inc. on suspicion of bid rigging for contracts related to test events for last year's Tokyo Olympics, just days after raiding another ad giant.
Japanese prosecutors and a fair trade watchdog on Monday searched offices including the headquarters of major advertising agency Hakuhodo Inc on suspicion of rigging bids for contracts related to test events for last year's Tokyo Olympics, just days after raiding another ad giant over the case. The latest searches, also…