Tokyo 2020: Japanese Olympic chief investigated for corruption

Tokyo 2020: Japanese Olympic chief investigated for corruption

The head of the Japanese Olympic Committee (JOC) Tsunekazu Takeda was placed under formal investigation in Paris last month for corruption, a spokeswoman for the Paris Financial Prosecutor told CNN Friday.

The investigation relates to the bidding process for the Olympic Games, with reports that a suspect payment of €1.8 million ($2 million) was made around the announcement that Tokyo was to host the 2020 Olympics.

Takeda, a former show jumper who competed at the 1972 and 1976 Olympics, has been the president of the JOC since 2001 and was instrumental in Tokyo winning the right to host the Games. He’s also a member of the International Olympic Committee (IOC).

“It appears that wrong information is being distributed about me indicted based on today’s article on Le Monde,” Takeda said in a statement. “There is no such description in the article, nor such a fact exist.”

Takeda acknowledged a sum had been paid to Singapore company Black Tidings for “fair compensation based on a consultant agreement.”

But he added: “I have explained there were no improper action that can be recognized as bribing has taken place.

“This has caused a great concern to the Japanese people who are supporting us for the Tokyo Olympic and Paralympic Games. I plan to continue cooperating to the investigation in order to wipe off the concern.

“I would like to ask your understanding that detailed explanation would not be available due to ongoing investigation.”

The IOC says it has been in “close contact” with the French judicial authorities over the case.

“The IOC Ethics commission has opened a file and will continue to monitor the situation — and is meeting today. Mr. Takeda continues to enjoy the full presumption of innocence,” said a spokesperson.

“These allegations refer to events before the IOC introduced far reaching reforms. With the reforms of Olympic Agenda 2020 the IOC reinforced its code of ethics and introduced an approved list of consultants.”

The JOC told CNN it has no additional information. Takeda remains in his position as chairman.

Tokyo beat rival bids from Madrid and Istanbul in 2013 to host the Olympics for the second time.

Blogs

Dave Says: You need actions, not words

Dave Says: You need actions, not words

Dear Dave, My husband and I have about $20,000 in credit card debt, plus payments on a new truck. We also have a camper he bought before we got married that we’re still making payments on. I recently received a $50,000 inheritance, and I’d like to use that money to help get us out of…

Dave Says: Paid In Full

Dave Says: Paid In Full

Dear Dave, I’ve been late on a credit card bill several times, and it was turned over to a collection agency. They have offered a couple of different payment options. If I agree to one of these, does that mean the original creditor gets paid, too? Carter   Dear Carter, A collection agency either owns…

Dave Says: Don’t Play The Game

Dave Says: Don’t Play The Game

Dear Dave, How do you feel about timeshares, and the free trips and dinners they offer as part of their sales pitches? Is it possible to win with these things? Dan   Dear Dan, In my opinion, timeshares are a complete waste of time and money. Lots of folks go into this kind of thing believing they’ll…

Five Ways to Give Yourself a Raise in 2019

Five Ways to Give Yourself a Raise in 2019

Five Ways to Give Yourself a Raise in 2019 By Rachel Cruze Everyone starts out a new year with the best intentions. We’re going to lose weight, or eat better, or work out more. I don’t know about you, but I’m as guilty as anyone when it comes to shelling out a bunch of money…