Word: bagmen
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...memorandums. There were three Premiers during the time of the bribes: Leone, Moro and Mariano Rumor. All vigorously denied the accusations; Leone's denial was weakened, however, by his close friendship with the brothers Ovidio and Antonio Lefebvre, who have been accused of serving as Lockheed's bagmen and are currently on trial in connection with the payoffs. In addition, the muckraking left-wing magazine L'Espresso raised serious questions about Leone's tax returns, especially on the amount of property tax he paid on a palatial $850,000 villa, called Le Rughe,* which he built...
...maintain these far-flung business operations without any sophisticated communications network, the companies employed "agents." bagmen who, for exorbitant fees, greased palms and took advantage of contacts. Kermit Roosevelt, Teddy's grandson who engineerred a coup for the benefit of the present Shah of Iran, was merely following the example set 65 years ago by Sir Basil Zaharoff. The arms market flourished in this past era, when the industrialized nations traded amongst each other as well as exploiting the undeveloped countries. By "gingering up" a few Chilean generals or instigating a local war between Arab chieftains, Zaharoff claimed to have...
They played their roles perfectly: dockland toughs, racketeers, underworld fixers. So completely did they work their way into the confidence of the Mafia-backed labor groups in the harbors that they ended up as bagmen, carrying payoff money back to the mob. Last week there was no mention of the actors when 400 subpoenas were served for two federal grand jury investigations of an extortion ring that has preyed on at least a dozen shipping companies in New York City and other Atlantic and Gulf ports. TIME has learned that the trusted men who worked so closely with the Mafia...
...broken?as the law against political contributions in the U.S. has been. So in the end, the responsibility for stopping bribery rests with the chief executives of companies that do business abroad. Says Najeeb E. Halaby, who as head until 1972 of Pan American World Airways resisted both bagmen for Richard Nixon and bribetakers overseas: "The top guy has to set the ethical standards." He is right. Companies may draft codes of ethical behavior forbidding bribery, as many are doing now, but those codes are unlikely to be observed unless the chief lets it be known that violators will...
Watergate's assorted bunglers, burglars and bagmen have prompted Congress to move, albeit ponderously, toward adopting a new act. Last week the Senate choked off, by a 64-to-30 vote, a filibuster led by conservative Alabama Democrat James Allen, who abhors public financing. Two days later, by a 53-to-32 vote, the upper chamber passed a wide-ranging bill calling for public financing of all congressional and presidential elections, primary and general. But the House is likely to rule out public funding for congressional elections. And even if the House does approve public financing of presidential races...