The Tokyo District Court on Thursday ordered major Japanese advertising agency Hakuhodo to pay ¥200 million ($1.24 million) in fines for violating the antimonopoly law by rigging bids linked to the 2020 Tokyo Olympics and Paralympics.
Hakuhodo became the first company to receive a court ruling over a high-profile series of Tokyo Games-linked bid-rigging cases.
The district court also sentenced Kenichiro Yokomizo, 57, former president of a Hakuhodo group firm, to 18 months in prison, suspended for three years, also on charges of violating the antimonopoly law.
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