Word: panama
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Dates: during 1970-1979
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...unarmed gunboats, and France returned the $10 million. When the boatbuilder bemoaned his potential loss, according to one account, no less an official than Premier Jacques Chaban-Delmas personally urged him to finish construction, saying: "It will work out." Next, a firm called Starboat & Weil, incorporated in Panama in November and having an Oslo address, offered to buy the boats for offshore-oil exploration. Starboat's incorporator was Ole Martin Siem, 53, much-respected president of Norway's largest shipbuilding firm, the Aker Group. The operating heads of Starboat, however, turned out to be Israelis who had ordered...