Word: pepe
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...killing continued. José ("Comandante Pepe") Gregorio Liendo Vera, a popular revolutionary who organized peasants in the south of Chile to seize farms, was executed by a military firing squad. Communist Party Leader Luis Corvalán Lepe is on trial on a charge of high treason, which carries the death penalty. All told, 476 people have died-some say as many as 5,000-including one American...
What bothers many Costa Ricans most is that Vesco seems to have invested in their popular President as well as their economy. Diminutive (5 ft. 3 in.) José Figueres, 66, known affectionately as "Don Pepe," is something of a national hero. In 1948, he successfully led a ragtag 700-man force against Communist revolutionaries and military reactionaries who were trying to destroy Costa Rica's democratic system. Don Pepe, who was elected to his second nonconsecutive presidential term in 1970, concedes that some of his business investments have gone sour in recent years. He readily acknowledges that...
...American financier paid more than $2,000,000 for 30% of the holding company. With the money Don Pepe bought new machinery that has increased the firm's output of coffee bags from 2,000,000 annually to 7,000,000. Since Vesco moved to Costa Rica, it turned out, Figueres' New York bank account has grown by $436,000-much of it transferred by a bank with which Vesco has had extensive dealings...
...news of Vesco's troubles-and of Don Pepe's relationship with the financier-spread through San José, the President went on the defensive. Don Pepe insisted that his relationship with Vesco had been strictly business. As long as the American breaks no Costa Rican law, Figueres sees no reason not to deal with him. He also explained, on a national-television broadcast, that the money deposited in his New York bank account was for such projects as support for the Costa Rican National Symphony Orchestra and a bank that helps artisans and small industries...
...some of the country's most powerful politicians. According to the SEC, one of the I.O.S. funds, IIT, has made an unsecured loan of $2,150,000 to Sociedad Agricola y Industrial San Cristobal, a firm founded and still partly owned by Costa Rican President José ("Don Pepe") Figueres. Says Figueres: "Vesco's investments here are very secure and creative. I can't understand the fuss." I.O.S.'s Fund of Funds allegedly plowed about $60 million into Interamerican Capital, a Costa Rican investment firm that could well serve as a vehicle in securing for Vesco...