The arrested individuals are former organizing committee executive Takahashi Haruyuki, former chairman and founder of business suit retailer Aoki Holdings Aoki Hironori, a former Aoki Holdings vice chairman, as well as a former president at a subsidiary company.
Takahashi is suspected of having Aoki send money totaling 51 million yen, or about 380,000 dollars, to his firm's account. He's said to have denied any wrongdoing.