Word: swiss
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Clarendon Ltd., the American subsidiary of Swiss-based Marc Rich & Co. AG, pleaded guilty to generating at least $50 million in illegal oil profits during 1980 and 1981 and then dodging taxes on the money by transferring the earnings overseas. Last week's settlement will allow the two companies to resume operating in the U.S. But criminal charges of tax evasion, fraud and racketeering still stand against Rich and his partner, Pincus ("Pinky") Green. The two, both 50, fled from New York City to their headquarters in Zug, Switzerland, in September 1983, only a few weeks before federal investigators...
...being alerted by a mole in Rich's organization. At one point, in order to avoid court fines, Rich and Green hastily changed the name of their U.S. subsidiary from Marc Rich International to Clarendon and arranged a secret sale of the company to a shareholder in their Swiss firm...
Last week's settlement lifted the Government's yearlong freeze on Rich's U.S. assets. In return, the Swiss company paid back about $130 million that was owed to 14 U.S. and European banks. The agreement allowed another Rich firm to sell its 50% stake in TCP Holdings, the parent company of 20th Century-Fox. Rich, a secret partner with Denver Oilman Marvin Davis in the 1981 purchase of the film studio, sold his shares to Davis last week for a reported $116 million...
When Kopp entered politics in 1970, Swiss women were still a year away from being granted the right to vote in nationwide elections. A member of the conservative Radical Democratic Party, Kopp has nonetheless backed environmentalist and women's causes that are unpopular with many of her party's leaders...
...also overcame a pre-election smear campaign in some Swiss newspapers against her husband Hans, an attorney. According to those reports, he was suspended from practicing in court for six months in 1972 following allegations, which he has denied, that he had spanked some of his secretaries with a bamboo stick. Elisabeth Kopp asked that her qualifications be considered, not her husband's. Her election, she said last week, was "a success for all the women of Switzerland...