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...negotiations proceeded fitfully last week, the deadly sport of Hide the Hostage began to resemble a sophisticated version of the children's game Operator. Each party to the negotiations, whether dealing openly or behind the scenes, relayed its demands to Javier Perez de Cuellar. The U.N. Secretary- General transmitted each message to a third party, who in turn cried, "Operator!" requesting that the communication be repeated, clarified or amplified. Perez de Cuellar then went back to the first party, bearing new details, fresh analysis and cajoling reassurances...

Author: /time Magazine | Title: Middle East: Let's Do a Deal | 8/26/1991 | See Source »

While the contours of the deal seemed clear, the mechanics posed nettlesome questions. Among the most vexing was a condition contained in the letter former British hostage John McCarthy brought to Perez de Cuellar from Islamic Jihad, a fundamentalist Shi'ite faction, operating under the banner of the pro-Iranian Hizballah, that holds several Westerners. It called for "the release of our freedom fighters from prisons in occupied Palestine and Europe." To whom that referred was anybody's guess -- and for whom Islamic Jihad presumed to speak was no more apparent. Was this a bargaining point or an implacable demand...

Author: /time Magazine | Title: Middle East: Let's Do a Deal | 8/26/1991 | See Source »

...Peru the Senate began looking into charges that former President Alan Garcia Perez looted government funds by siphoning them through B.C.C.I. accounts in Panama. Returning from a month-long vacation in Europe, Garcia hotly denied the accusations. At the same time, officials in Chile and Argentina scrutinized the financial affairs of Ghaith Pharaon, a Saudi tycoon and B.C.C.I. front man who is building Hyatt hotels in both countries...

Author: /time Magazine | Title: Corruption: The Brave Ones Begin to Sing | 8/19/1991 | See Source »

...hostages? And who orchestrated McCarthy's release: Iran? Syria? His captors? As ever, there was a stated trade-off. Islamic Jihad, a radical Shi'ite cell that operates beneath the larger umbrella of the pro-Iranian Hizballah, armed McCarthy with a sealed letter addressed to U.N. Secretary-General Javier Perez de Cuellar. It is believed to call for the release of 300 Shi'ites from southern Lebanon and the release of 75 more prisoners held in Israel, among them the spiritual leader Sheik Abdul Karim Obeid...

Author: /time Magazine | Title: Middle East: A Game of Chances | 8/19/1991 | See Source »

...million in bribes in return for their depositing $200 million of Peruvian funds in secret B.C.C.I. accounts in Panama. Officials denied the allegations, which were part of the Manhattan indictment against B.C.C.I. But they said they had deposited money with B.C.C.I. because threats by former President Alan Garcia Perez to reduce Peru's foreign-debt payments had scared off other banks. At the same time, a Peruvian representative to the World Bank who once worked for B.C.C.I. quit his post...

Author: /time Magazine | Title: Scandals: Cashing In on Blue Chips | 8/12/1991 | See Source »

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