Japan ad giant and other firms indicted over alleged Olympic contract bid-rigging

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Japan ad giant and other firms indicted over alleged Olympic contract bid-rigging
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The complaints allege that Japan advertising giant Dentsu, its main rival Hakuhodo and four other firms and seven individuals rigged bids for Olympic test events.

to prosecutors his firm's involvement in the bid rigging, Japanese media report. About half of the 26 test events had only one firm bidding for each, resulting in more than $300 million worth of contracts being awarded without any competition, a possible violation of Japan's antitrust law.in since the 1984 Los Angeles Olympics.

Prosecutors arrested a former Dentsu executive last year in a separate Olympic corruption probe.

from Dentsu and other organizers, for driving up the costs of hosting the games for host city Tokyo, and for taxpayers.

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