IOC marketing chair from Japan investigated for corruption



AP
Published 4:36 a.m. ET Jan. 11, 2019 | Updated 5:35 a.m. ET Jan. 11, 2019

PARIS (AP) — International Olympic Committee marketing chair Tsunekazu Takeda is being investigated for suspected corruption related to the 2020 Tokyo Olympics, France’s financial crimes office said Friday.

The National Financial Prosecutors office said Takeda, who is also the president of the Japanese Olympic Committee, was placed under formal investigation for “active corruption” on Dec. 10.

French investigators are in the midst of a years-long and wide-ranging probe into sports corruption that is looking, among other things, at the bidding contests for the 2020 Olympics and other major sports events.

Takeda’s career in Olympic circles has ticked almost every box, starting with representing Japan in equestrian at the 1972 Munich Games and 1976 Montreal Games.

As the head of the IOC’s marketing commission since 2014, Takeda has overseen signing sponsor deals worth hundreds of millions of dollars, including new partnerships with Alibaba, Intel and Allianz.

The IOC ethics commission is scheduled to meet Friday in Lausanne, Switzerland. Takeda could be provisionally suspended from Olympic duty,…



Read Story