Word: ricas
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Dates: during 1970-1979
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...State proclaimed a "new dialogue" in 1973, he has canceled three announced trips to the southern half of the hemisphere. Last week Kissinger finally got the new dialogue going with visits to Venezuela, Peru and Brazil. This week, to wind up his tour, he will stop in Colombia, Costa Rica and Guatemala...
...speaker is Financier Robert Lee Vesco, who last week gave a rare telephone interview to TIME Correspondent Bernard Diederich. His sentiments are understandable: if the U.S. can get him extradited from Costa Rica, to which he fled in 1972, he will face trial on four indictments. The latest, returned in mid-January, charges Vesco and six associates with selling stocks held by mutual funds that were managed by I.O.S. Ltd.-the investment complex once controlled by Bernard Cornfeld-and then investing more than $100 million of the proceeds "for their own use and benefit" in corporations they controlled. Some...
...interests in newspapers and radio-TV stations. He is known to have sunk more than $2 million into a holding company called San Cristóbal S.A., a chief interest of Former President José ("Pepe") Figueres, a popular figure who is Vesco's leading backer in Costa Rica...
...politicians in opposition to the government of Figueres' successor, Daniel Oduber. Mario Echandi, who served as President from 1958 to 1962, has accused the government on television of granting special favors to Vesco and his associates and enlisting them to reap windfall profits in a deal with Costa Rica's national petroleum refinery...
...many Costa Ricans feel Vesco has become too important to the country's tiny economy to be kicked out. "To extradite him," sighs an opposition politician, "would mean the extradition of his money too." Indeed, in 1974, under Figueres, Costa Rica rewrote its extradition law to allow the government to veto an extradition demand before it ever reaches the courts. That new statute is popularly known as the "Vesco...