TOKYO (Reuters) - Japanese prosecutors arrested two officials at a sponsor of the Tokyo Olympics on Tuesday as part of a widening bribery investigation that media said involved a former member of the Tokyo 2020 board.
The Nikkei newspaper reported that publisher Kadokawa Corp paid 70 million yen (US$498,000) to a company linked to the then Tokyo 2020 board member Haruyuki Takahashi, whom prosecutors suspect of helping the company become a sponsor of the Tokyo Olympics.
Kadokawa confirmed that prosecutors had arrested two officials at the company and raided its office on Tuesday over bribery allegations.
“The company will continue to fully cooperate with the authorities’ investigations,” it said in a statement.
It declined to comment on details of the matter because of the investigation.
Shares in Kadokawa ended the day 5.42 percent lower.