Thursday, September 1, 2016

Japan investigators say no bribery in Tokyo Olympic payment

Latest: Corruption and Money Laundering.

Japan investigators say no bribery in Tokyo Olympic payment,


Tokyo beat Istanbul and Madrid to win the Olympics
An investigation into a payment made during Tokyo's successful bid to host the 2020 Olympics has found no evidence of bribery.
Japanese officials have been cleared of any wrongdoing in connection with a 2.8m Singapore dollar payment (£1.55m; $2.05m) made to a consultancy firm.
French prosecutors said they were investigating the sum in May this year as part of a corruption inquiry.
But a Japanese panel found the payment did not break any Japanese laws.
The payment had been linked to the son of the ex-world athletics chief Lamine Diack, who was a member of the International Olympics Committee at the time.
Both Lamine and his son, Papa Massata Diack, are already under investigation in France. Both deny ever receiving money in connection with the Japanese bid, while Japanese officials say the payment was for consultancy services...

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