Word: elerly
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Dates: during 1980-1989
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...Swiss electronics firm, ordered two machines used in the production of microcircuitry from Perkin-Elmer Corp. of Norwalk, Conn. After receiving guarantees that the equipment would not fall into Soviet hands, the U.S. Government approved the sale. Favag, however, promptly shipped the machines to a second Swiss company, Eler Engineering, which is reported to be a channel through which East bloc countries obtain Western technology...
...soon as the machines arrived, Favag resold them to another company, Eler Engineering, based in Geneva. Says Marc Villoz, a Favag director: "We pocketed a commission, and Eler got the machines. It's a normal commercial transaction, and we don't know or care where those machines are right...
...Micraligns were definitely not installed in Eler's Geneva offices. The company has no offices. Like hundreds of firms taking advantage of Switzerland's secretive banking and tax laws, Eler was represented in Geneva by a local lawyer, who has since cut her ties with the company. Eler is, in fact, run from Paris by Joe Lousky, a businessman specializing in import-export arrangements. Says Lousky of the Micralign deal: "This is a highly complicated affair. I have absolutely no way of knowing where those machines are right now." TIME has learned that the Micraligns were shipped...
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