Word: liechtensteiner
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...became Banco Ambrosiano Holding. The advantage of a foreign subsidiary: it is not subject to Italy's banking regulations. Calvi's next moves were to use the Luxembourg holding company to set up banks in Switzerland, the Bahamas, Peru and Nicaragua, and companies in Panama, Luxembourg and Liechtenstein...
...Ambrosiano and its subsidiaries, in an attempt to strengthen his grip on the parent bank. During 1978-79 and in 1981, Ambrosiano and its subsidiaries raised about $1.2 billion. In these years the banks lent at least $800 million to low-capitalized shell companies in Panama, Luxembourg and Liechtenstein. The shell companies, in turn, used about $400 million to buy stock in Banco Ambrosiano and other securities. All or part of yet another $400 million appears to have been funneled through these same companies to finance South American deals. By June 1982 the shell companies owed Banco Ambrosiano banks about...
...energy-rich "Overthrust Belt" of the U.S. Rocky Mountains compete fiercely for oil- and gas-exploration leases on parcels of land no larger than 8,000 acres. The Denver-based Eagle Exploration Co. has bigger ambitions than that. It has won the drilling rights for the entire territory of Liechtenstein, the tiny principality that nestles in the Alps between Switzerland and Austria...
Raymond N. Joeckel, 55, Eagle's president, believes that since the terrain in mountainous Liechtenstein greatly resembles the sandy, uplifted formations of the Western Overthrust Belt in the Rockies, there may be oil and gas in those hills as well. Eagle had to put up a bond of $3 million against possible damages caused by its drilling and promise to pay 15% of the earnings of any successful wells to the Liechtenstein government. But for that, Eagle received exclusive rights to explore the nation's 39,500 acres...
...received a knighthood for his organizational skills). It also, of course, has a supporting cast of thousands. Along with the home-grown aristocrats, there are all the invited guests: political (Nancy Reagan); monarchical (Queen Beatrix of The Netherlands, the King and Queen of Sweden, the Duke and Duchess of Liechtenstein); social (Sabrina Guinness, Sir Hugh Casson); and sentimental (Flo Moore, who kept Charles' Cambridge rooms in order; Henry and Cora Sands, who provided Charles with some homemade bread during holidays in Eleuthera; Patrick and Nancy Robertson, an American couple whose son Lady Diana played nanny...