Word: petrolifera
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...calls "our Watergate." A special parliamentary committee is looking into charges by a Nader-like group of magistrates in Genoa and Rome that politicians passed legislation favorable to the oil interests, in return for which oil companies contributed millions of dollars to the major political parties. In total, Unione Petrolifera, the association representing all private oil companies in Italy, allegedly paid out some $20 million over the past four years to top political figures...
...contributions-corporate contributions are still legal and a major source of political parties' funds-but rather the favors the oilmen allegedly got for them. Whether the companies can clear themselves depends largely on the eventual testimony of Industrialist Vincenzo Cazzaniga, who until two years ago headed both Unione Petrolifera and Exxon's local subsidiary Esso Italiana. A warrant for his arrest has been issued, but he is now on a business trip abroad. Cazzaniga is specifically charged with having distributed about $2 million to politicians in 1972 to make sure that the state electric company would keep using...
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