Word: switzerland
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Dates: during 1980-1989
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...investment house alleged trading irregularities on the part of two of the company's employees in Venezuela, both of whom have since left the firm. In tracking down the accusation, Merrill Lynch authorities discovered that their employees' actions mirrored trades ordered through an account at the Bahamas branch of Switzerland's Bank Leu International. The brokerage did not know it, but the account was the main conduit used by Levine for making his own insider moves. Merrill Lynch passed on the information about Bank Leu to U.S. authorities in June 1985; it took almost a year before Swiss authorities agreed...
Eager to find new markets for its burgeoning electronics industry, the French government has set up a state agency, Intelmatique, to sell the system overseas. Minitel pilot programs are already under way in Switzerland and the Ivory Coast, while sales efforts have been launched in Belgium and Canada...
...Defense Minister and a small group of army officers known as the Reform the Armed Forces Movement. The group was formed in March 1985 to counter the corruption within the military that had flourished under Marcos, who last week learned that his plans to move from Hawaii to Switzerland had been blocked by the Swiss government. Senior military sources disclosed that armed forces commanders, including Ramos, had given the President a letter proposing that she delegate all authority concerning national security to the Defense Minister and asking for her answer by Jan. 6. In addition, the commanders, whose political goals...
Environmentalists were also critical of Sandoz, Switzerland's second largest chemical company. At a meeting called in Basel to discuss the incident, protesters pelted company officials with dead eels. The firm finally admitted that it had underestimated the risk of such an accident and confirmed that Sandoz officials had decided not to act on some recommendations, made five years earlier by an insurance company, to improve warehouse safety. Company spokesmen insisted, however, that Sandoz had broken no laws in storing the chemicals...
Anger among European officials was fanned further at midweek when Ciba- Geigy, Switzerland's largest chemical company, admitted spilling about 105 gal. of the herbicide Atrazine into the Rhine the night before the Sandoz fire. The discharge of the chemicals, which is forbidden by law, was discovered only after officials tested the river for pollution from the Sandoz accident. While a Swiss water official asserted that the Ciba-Geigy accident did not kill the fish, the disclosure increased demands for stricter laws regulating chemical storage...