Word: probe
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Dates: during 1980-1989
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That was not all. Maryland authorities contended that Old Court's top officers had engaged in such improprieties as giving themselves lavish consulting fees and writing at least $5.8 million in overdraft checks. Maryland's attorney general is conducting a probe of Old Court's management that could produce criminal charges...
...cruise missiles. Fleets of investigators and critics are challenging General Dynamics' integrity and its fitness to be a pillar of the nation's defense, raising charges far more extensive than those leveled against General Electric last week. The Pentagon attack on General Dynamics' expense reports and the Justice Department probe into overruns on the company's SSN 688 Los Angeles-class submarines are only the most publicized of many investigations. The Securities and Exchange Commission is studying whether the company may have manipulated its stock price, and the Defense Department is looking into possible national security violations...
...decade, critics have charged that the actions of General Dynamics exemplify the greed and mismanagement they think pervades the defense industry. A federal grand jury first started investigating the company's cost overruns on submarines in 1979, but dropped the probe in 1981 for lack of enough evidence of fraud. Now the Justice Department has reopened the case in light of new information from P. Takis Veliotis, who in 1977 became head of Electric Boat, the company's sub-building division in Groton, Conn. His word is hardly unimpeachable. In 1983 he fled to his native Greece to avoid being...
...disturbing aspect of the slump was that it was caused in part by problem loans to two of the bank's directors. Federal regulators have launched a probe to see whether the loans, which carried below-market interest rates, were illegal. The episode marks a fall from grace for an industry hero, Texas Commerce Chairman Ben F. Love, who had a longstanding reputation for cautious lending. Investors regard Love's stumble as a bad sign for Texas banks in general. Says Robert Walters, an analyst at Austin's Sheshunoff investment firm: "The problem loans are startling. It is more than...
...intends to make sure that others pay as well. If indictments are not handed down as a result of the Justice Department probe by this summer, Veliotis promises to release still more tapes and documents that he claims will further incriminate General Dynamics' top management and former Government officials. The additional evidence is in the vault of an Athens bank and, says Veliotis, his lawyers have instructions to release the , information should he be "neutralized...