Word: oswaldo
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Dates: during 1970-1979
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...this case, the $1.25 million bribe that United Brands is alleged to have paid President Oswaldo Lopez Arellano is not an aberration, nor a return to the old days of banana republic politics, but a paradoxical confirmation of how far the role of United Fruit has evolved. In the spring of 1974, seven banana exporting countries got together and tried to assemble a banana producer's cartel in the style of OPEC. This might seem ludicrous, but the fact is that bananas are by far the world's most popular fruit, accounting for more than 40 per cent...
...Black, who swung his briefcase to smash a hole in a window of his office on the 44th floor of New York City's Pan Am Building and then jumped to his death. The disclosure helped bring on a Honduran coup that overthrew the government of President Oswaldo López Arellano...
...Honduras, a six-member committee investigating the bribe concluded that the recipient had been former Economy Minister Abraham Benna-ton Ramos. He and Honduran Chief of State Oswaldo Lopez Arellano were both ousted from office last month in the wake of the scandal...
Early one morning last February, Eli M. Black, 53-year-old chairman of United Brands Co., plunged to his death from his 44th-floor Manhattan office. Early last week General Oswaldo López Arellano, 53-year-old Honduran chief of state, was overthrown in a bloodless coup. The link between the two men was an alleged $1.25 million bribe that is now being investigated by both the U.S. Securities and Exchange Commission and a Honduran commission...
...Street Journal, which had learned the results of the SEC probe, extracted from United Brands a public admission that last year it had paid a $1.25 million bribe to a high official in Honduras-and speculation immediately centered on none other than the chief of state of the country, Oswaldo Lopez Arellano. The bribe was offered in order to win a reduction in a 500 export tax on every 40-lb. box of the bananas that United Brands grows in Honduras and sells in the U.S., mostly under the "Chiquita" trademark. The company's statement said that Black...