Investigators of the Tokyo District Public Prosecutors Office on Monday raided the headquarters of Osaka-based Daiko Advertising in connection to a Tokyo Olympics sponsorship bribery case.

Haruyuki Takahashi, a former Tokyo Olympic organizing committee executive arrested in the bribery case, may have been paid by the advertising company seeking favors for one of its client companies during the sponsorship selection process, sources close to the matter have said.

The latest revelation comes on the heels of suspicions that clothing retailer Aoki Holdings and publishing company Kadokawa sent payments to Takahashi in exchange for preferential treatment in the process of selection as an Olympic sponsor.