The Tokyo Olympics, which was postponed due to the COVID-19 pandemic, critical observation due to allegations that the city’s bid to host the games was secured by millions of dollars in bribes laundered through the international banking system. Multiple different teams of french prosecutors and police investigators began to look deeply into the situation regarding the Tokyo Olympics bid. The suspicions rose from a 5 year investigation that was conducted due to Russian bribes that allowed athletes to compete despite positive doping tests, which resulted in multiple convictions by a French court in previous trials.
FinCEN Files, a collaboration with the International Consortium of Investigative Journalists, BuzzFeed News and about 400 reporters around the world, leaked documents about the possible bribery occurring in the Tokyo Olympics. One FinCEN leak traced a $2.3 million deposit from bank account belonging to the Tokyo Organizing Committee. According to the document, the funds were sent to an account in Singapore maintained by a business partner of Massata Diack’s, the master mind behind the Russian Bribes, shortly before and after the 2013 vote selecting Tokyo as the host city for the 2020 Olympic games. Hundreds of thousand of dollars were sent to the Diack’s from Singapore. The New York branch of Standard Chartered Bank had oversight of the transactions because it was the correspondent bank, however, Standard Chartered refused to speak out about any of the transactions. There reason for this was: “Since 2014 we have significantly stepped up the rigor of our screening and exited clients who could not meet our high standards, significantly reducing the risk to our business.”
After Standard Chartered refused to speak up, the FinCEN also decided not to leak anymore of the documents to reporters, as far as the news is concerned, there have been no updates or important information that signifies a possible trial. NBC is declaring that the case is currently at a standstill as prosecutors and investigators search for more information.