Word: diversionism
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Inouye said he has found no evidence whatsoeverthat the President knew about the diversion ofmoney from the arms sales.
Inouye heads the Senate committee that, alongwith a companion House committee, will open publichearings today into the secret sale of U.S. armsto Iran and diversion of payments to Nicaraguanrebels. The complicated case has turned into theworst crisis of Reagan's presidency.
No precise estimate of the size of the diversion was available, although sources said investigators have told members of House and Senate committees that the amount was over $1 million.
It was not clear whether investigators have been able to confirm a diversion in the range of $10 million to $30 million that Attorney General Edwin Meese III referred to on Nov. 25, 1986, when he first disclosed the movement of funds.
The confirmation of the diversion by congressional investigators came as Sen. Daniel Inouye (D-Hawaii), chairman of the Senate investigating committee, told reporters that Senate investigators probably will never be able to trace the affair's complex international money trail completely.