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Word: onassisism (lookup in dictionary) (lookup stats)
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Last week the New York Journal of Commerce reported that more trouble was blowing up for "Ari" Onassis. Ship Owner and Broker Spiridon Katapodis had filed a sworn deposition with the British consulate at Nice charging that Onassis had landed the contract only by paying high Saudi Arabian officials more...

Author: /time Magazine | Title: HIGH FINANCE: Trouble for Onassis? | 11/22/1954 | See Source »

Services Rendered. In the deposition, which was accompanied by photostats of documents bearing on the deal, Katapodis charged that $350,000 had been given to Mohamed Abdullah Alireza, Saudi Arabia's Minister of State (now Minister of Commerce), for his services in getting the contract signed. Alireza, the deposition...

Author: /time Magazine | Title: HIGH FINANCE: Trouble for Onassis? | 11/22/1954 | See Source »

In addition to these outright payments, said Katapodis, Minister of State Alireza would get a royalty income of sixpence per ton on oil shipped for the duration of the 30-year pact. His guaranteed minimum: $140,000 a year. He would also be sole agent for all Onassis ships clearing...

Author: /time Magazine | Title: HIGH FINANCE: Trouble for Onassis? | 11/22/1954 | See Source »

"Completely Unfounded."In Manhattan this week, Ari Onassis denied everything. "The charges are completely unfounded," he said. While he knew Katapodis as a "peddler" of deals, "I have never been represented by him in any negotiations." To Onassis it looked as if Katapodis had been put up to making the...

Author: /time Magazine | Title: HIGH FINANCE: Trouble for Onassis? | 11/22/1954 | See Source »

From an Onassis associate in Cairo came another denial of the whole business. Ali Alireza, brother and business partner of Minister of Commerce Mohamed Abdullah and a key figure in the negotiations, said: "I can swear no such payments were made . . . Mr. Onassis made his offer directly to His Majesty...

Author: /time Magazine | Title: HIGH FINANCE: Trouble for Onassis? | 11/22/1954 | See Source »

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