Word: slush
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...they will summon former presidential secretary Choi Do Sul for questioning in a widening political-finance scandal. (It was the allegations against Choi, who resigned in August, that prompted Roh's surprise plea on Friday for the people's trust.) Prosecutors suspect Choi collected $1 million from a political slush fund allegedly set up by the giant SK conglomerate. Choi, who has denied the charges, is a high school friend of Roh and is so close to the President that he is known as "the Butler...
...setbacks personally. "He wanted to be seen as contributing to Korean reconciliation," says a South Korean lawmaker. "Instead he was criticized by the public." In the week before his death, prosecutors grilled Chung three times?in sessions lasting up to 12 hours?over another issue altogether: a $13 million slush fund paid for by the Hyundai group that prosecutors allege was set up by a top aide to former President Kim Dae Jung. After his suicide, prosecutors said Chung might have actually channeled $21 million into the fund. Former President Kim isn't currently under investigation for the slush fund...
...capitalism. Elf at the time was state-owned, and the most damning evidence to date has come from its erstwhile CEO, Loik Le Floch-Prigent, and two top corporate lieutenants, Alfred Sirven and André Tarallo, the latter dubbed Mr. Africa. They have meticulously described how Elf kept a slush fund, overseen by Sirven, allegedly used to pay bribes via Swiss accounts to African leaders including Savimbi and Gabon President Omar Bongo, as well as to channel money to the two main French political parties. Pressed by Desplan, 47, the pugnacious presiding judge, Le Floch-Prigent described...
...issues and lame slogans can only go so far; what I will really need is money and lots of it. To that end, I’m getting a leg up on my future competition by forming a political action committee (PAC)—read: “slush fund”—to cull the assets from various quasi-legal business ventures (selling fake underage IDs to middle-aged women, selling Tony Robbins motivational tapes to under-motivated people and operating the most lucrative midget-only casino this side of the Rio Grande, to name...
...that someone had replaced it, he called the cops. The political espionage was utterly unnecessary. Richard Nixon was going to win in a landslide anyway. Rather than fire all those responsible for the break-in, Nixon instead paid the five arrested burglars hush money from an illegal White House slush fund; urged the CIA to close down the FBI investigation; told his subordinates to lie to investigators; discussed a variety of illegal cover-up plans in the Oval Office, knowing a tape recorder was already in operation there; fired the special prosecutor for the case who had been hired...