Arab News Japan
 
TOKYO: A court in Tokyo has rejected a lawsuit that claimed land for the Olympic Village in the Harumi district of Tokyo changed hands below market prices. The lawsuit was filed against the government of Tokyo.
 
The plaintiffs believed there was a conflict of interest between Mitsui Real Estate and the Tokyo government.
 
The group of companies in charge of the construction of the Olympic Village since 2015 was headed by Mitsui Real Estate. Tokyo handles the administration of the property. The land was purchased for a total of 13 billion yen .
 
The plaintiffs denounced the fact that there was no call for tenders ahead of the contract concluded between the city and the group of companies in charge of the redevelopment of the Harumi site. They said there must have been collusion between the parties.
 
The plaintiffs have said they will appeal against the court decision, which they consider to be prejudicial.
 
The judge in charge of the case concluded that the prices were reasonable.