Word: venezuela
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Dates: during 1980-1989
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...June 7 when he accused Noriega of corruption, electoral fraud and murder -- had signed two depositions withdrawing his allegations. Diaz has been in jail since a Panamanian army raid on his house on July 27. Speculation was that Diaz signed the documents as the price for exile in Venezuela...
...Citicorp's actions might discourage other banks from participating in his Third World initiative, nonetheless expressed hope that the bank will continue lending in Latin America, where it has $14.8 billion in loans outstanding. Citicorp is particularly exposed in Brazil ($4.6 billion), Mexico ($2.9 billion), Argentina ($1.5 billion) and Venezuela ($1 billion...
...Hanover Trust an additional $1.5 billion. Outwardly, many of Texaco's creditors and lenders are serene about the situation. But at one major Manhattan bank with several hundred million dollars' worth of Texaco corporate notes on deposit, a senior executive admits to "angst and anxiety" over the bankruptcy filing. Venezuela's state-owned oil company has hinted that it may shut off shipments of crude to Texaco; the Venezuelans have been discussing the matter with Texaco Chief Executive James Kinnear...
...same time, some of Texaco's suppliers were refusing to do business, or setting tougher terms. According to the Texaco affidavit, Venezuela's state-owned oil companies had at least temporarily stopped pumping oil for Texaco. (Venezuela denies that it has cut Texaco off.) Southern California Edison started requiring Texaco, its largest customer, to pay its electric bill every week...
...discovered, starting with the exposure of Levine. The investment banker's covert role began to surface as far back as May 1985, when an anonymous letter from Caracas to the giant Merrill Lynch 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...