Word: paid
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Dates: during 1970-1979
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...prince, says the SEC, was paid to use his influence...
...example, in Iran, where ISC sales averaged $60 million annually in recent years, the company, in pursuit of a $350 million pulp-and-paper project, paid sev eral groups of agents $11.3 million of a $22.3 million commitment. Among them...
...Saudi Arabia, where ISC won a $106 million contract to design and build a desalination plant, the SEC charges that the company paid Adnam Samman, then vice governor of the state-run Saline Water Conversion Corp., $3.5 million. To pick up a $50 million contract for a sugar processing complex in the Ivory Coast, ISC paid Gilchrist Olympic, son of a for mer President of Togo, more than $1 million and gave him a new Lincoln Continental, the SEC says...
...Chile, the company worked out a deal with Daniel Fuenzalida, chief economic adviser to General Gustavo Leigh, a member of the ruling junta. Fuenzalida and others formed a company called Chilco, which the SEC said was to be paid .5% of the value of any contracts that ISC secured in the country. One member of Chilco was Benjamin Rencoret, who was and is a Chilean honorary consul in Houston. Despite payments of $30,000 to Chilco, the company failed to get the contract it was seeking: construction of a $375 million liquefied natural gas plant...
...subsidiary landed a contract in Algeria to build a natural gas treatment plant. The subsidiary listed a cost of $400,000 paid to Rhasid Zeghar, a former senior military officer, for consulting services, which the SEC says consisted of meeting with ISC representatives for four days. In order to win a $5.2 million contract to build a grain storage facility in Nicaragua, other subsidiaries paid $415,538 to companies owned or controlled by Dictator Anastasio Somoza and his wife...