Word: beregovoy
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Dates: during 1980-1989
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...This affair will not be covered up." So promised Pierre Beregovoy, the French Finance Minister, as he announced a criminal probe last week into an insider-trading scandal that is causing major embarrassment to Francois Mitterrand's government. The suspected scheme was uncovered when the U.S. Securities and Exchange Commission noticed heavy trading in Triangle Industries, a U.S. holding company, in the days prior to the Nov. 21 announcement of the company's takeover by Pechiney S.A., a French metals conglomerate. Estimated profits by insiders who bought early: $10 million...
...Theret, 76, and Roger-Patrice Pelat, 70, who profited handsomely from purchases of Triangle stock just before the takeover became public. Because the Finance Ministry approved the deal before it was announced, the information could have leaked from the government. That possibility prompted the resignation last month of Beregovoy's chief of staff, Alain Boublil, who has denied any involvement...
Rocard's Cabinet, the Fifth Republic's first minority government, will stay in place during the short campaign. It includes many familiar Socialist heavyweights, among them Roland Dumas in his former post as Foreign Minister, Pierre Beregovoy as Finance Minister, Pierre Joxe as Interior Minister and Jack Lang as Culture Minister. The novelty is provided by a limited number of non-Socialists, including Centrist Senator Michel Durafour as Civil Service Minister, Supreme Court Jurist Pierre Arpaillange as Justice Minister and Businessman Roger Fauroux as Industry and Foreign Trade Minister. Last week senior Mitterrand aides telephoned eight members of the outgoing...
...attitude in Seoul toward Baker's debt-crisis proposal was also positive. Said West German Finance Minister Gerhard Stoltenberg: "This points in the right direction." His French colleague Pierre Beregovoy concurred: "It is an idea whose time has come." Peru, however, objected to the leadership role of the U.S. Said Finance Minister Luis Alva Castro: "We do not accept there being a single country that is subject to no control whatsoever while the countries of the Third World are condemned to hunger." Even so, Brazil's Minister of Finance, Dilson Funaro, whose country is the biggest Latin American debtor, said...