Word: garcias
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Dates: during 1990-1999
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...Peru the Senate began looking into charges that former President Alan Garcia Perez looted government funds by siphoning them through B.C.C.I. accounts in Panama. Returning from a month-long vacation in Europe, Garcia hotly denied the accusations. At the same time, officials in Chile and Argentina scrutinized the financial affairs of Ghaith Pharaon, a Saudi tycoon and B.C.C.I. front man who is building Hyatt hotels in both countries...
STAFF WRITERS: Guy Garcia, Christine Gorman, Emily Mitchell, Alex Prud'homme...
...officers $3 million in bribes in return for their depositing $200 million of Peruvian funds in secret B.C.C.I. accounts in Panama. Officials denied the allegations, which were part of the Manhattan indictment against B.C.C.I. But they said they had deposited money with B.C.C.I. because threats by former President Alan Garcia Perez to reduce Peru's foreign-debt payments had scared off other banks. At the same time, a Peruvian representative to the World Bank who once worked for B.C.C.I. quit his post...
STAFF WRITERS: Guy Garcia, Christine Gorman, Emily Mitchell, Alex Prud'homme...
Repercussions from the bank's collapse rippled far beyond Washington and London. In Peru the scandal reinvigorated charges that Garcia, President of the country from 1985 to 1990, had plundered the treasury by whisking funds through a B.C.C.I. branch in Panama. Garcia has called the allegations a political smear to keep him from running again in 1995. But Fernando Olivera, a member of the Peruvian Congress who has been Garcia's nemesis, demanded last week that prosecutors try the allegations in court. Among other things, investigators want to know how Garcia managed to acquire two fashionable Lima homes and take...