Tokyo 2020: Chairman of the Japanese Olympic Committee set to quit

(CNN)With less than 500 days until the Tokyo Olympics gets underway, Tsunekazu Takeda — president of the Japanese Olympic Committee (JOC) — has announced he will step down from his position in June amid allegations of corruption over Tokyo’s successful bid to host the 2020 Games. Follow @cnnsport In a statement to CNN, the IOC said it respected Takeda’s decision, adding: “Our respect of this decision is even greater because he took this step to protect the Olympic Movement while the presumption of innocence, on which the IOC insists, continues to prevail.” French prosecutors are investigating two payments made to a Singapore-based company called “Black Tidings” in July and October 2013. READ: Japanese Olympic chief investigated for corruption READ: ‘Corruption …