Saturday, September 3, 2016

JOC investigators say payment linked to Tokyo's Olympic bid not bribery

Latest: Corruption and Money Laundering.

JOC investigators say payment linked to Tokyo's Olympic bid not bribery.


An investigative panel set up by the Japanese Olympic Committee (JOC) said Thursday that Tokyo's payment of over 2 million US dollars to a Singaporean consultancy over its bid for the 2020 Olympics was not illegal. 

The panel, consisting of two lawyers and an accountant, concluded in a report that the massive contracts that Tokyo's bid team signed with Black Tidings before winning the hosting of 2020 Summer Olympics were not bribery, as the team had not intended the money as a gift.

Black Tidings was led by Ian Tan Tong Han, a known associate of Papa Massata Diack, son of disgraced former IOC member Lamine Diack who had a vote in deciding the host city for the 2020 Games. 

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