Word: scandalizes
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Dates: during 1990-1999
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...Bank of Credit & Commerce International. But unlike depositors shut out in places like Britain and Hong Kong, they felt no real impact. That changed after a New York grand jury indicted Sheik Khalid bin Mahfouz, head of Saudi Arabia's National Commercial Bank, for fraud in connection with the scandal. Last week the Federal Reserve sought a $170 million fine from Mahfouz -- the largest ever from an individual -- for his alleged role in illegally buying a controlling interest in Washington's First American Bankshares from B.C.C.I., and the Comptroller of the Currency ordered the close of N.C.B.'s New York...
...amounts of the metal. The silver shock spilled into oil stocks, which helped fuel a 44-point slide in the Dow- Jones average on the New York Stock Exchange. Although silver and stocks recovered, the turmoil in those markets was the first close-to-home repercussion of the B.C.C.I. scandal in the U.S. It may not be the last...
...SCANDAL. As the virtual queen of the Department of Housing and Urban Development from 1984 to 1987, Deborah Gore Dean administered programs intended for the poor to favor well-connected real estate developers and Republican consultants. Broadening a two-count indictment issued against her in April, a federal grand jury indicted Dean, 37, on 13 criminal charges of fraud, perjury and conspiracy. The indictment accused her of using her position to dispatch $230,000 in HUD funds to John Mitchell, Richard Nixon's Attorney General...
...message from New York District Attorney Robert Morgenthau, still in pursuit of culprits in the Bank of Credit & Commerce International scandal, was broadly aimed. "No participant in the B.C.C.I. scheme, here or abroad, however influential, should expect to escape justice," declared Morgenthau. The D.A. then made good on his threat by delivering a grand jury indictment of billionaire Sheik Khalid bin Mahfouz, CEO of the National Commercial Bank, the largest commercial bank in Saudi Arabia, and a financial adviser to the Saudi royal family, on charges of fraud. Other targets of a criminal grand jury led by Morgenthau include intimates...
...State of the Nation address this spring, Gonzalez was forced to spend much of the debate defending his administration over what United Left coalition leader Julio Anguita called "the interminable rosary of scandals." Last year Gonzalez's Deputy Prime Minister resigned after allegations of influence peddling involving his brother. In January another Minister was forced out after a railroad speculation scandal. Last week Gonzalez named a new head of the Bank of Spain, following media allegations linking the incumbent to an insider-trading scheme, charges he denies. "Spain does not have a worse corruption problem than surrounding countries," the beleaguered...