Word: panamanians
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Dates: during 1980-1989
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...Portuguese arms shipment might never have come to light had the weapons been transported as originally planned aboard Adonis, a freighter of Panamanian registry. Panama, like Portugal, has no strictures on arms sales or shipments to Iran. But Adonis was already on its way to Iran, reportedly laden with a 1,200-ton shipment of war materiel from Spain that was originally, and fraudulently, listed for a final destination in Portugal. Tipped off about the subterfuge, Lisbon did not permit Adonis to dock, and on Jan. 14 the ship canceled its request. Thus, when it came time to ship...
Almost 15 hours passed before the first rescue ship -- a Panamanian & freighter, the Friasi -- could reach the scene. It was followed by the Scamp, a nuclear-powered Navy submarine, which managed to pull one sailor to safety. Two more ships, including an Israeli vessel, converged on the area, but were unable to save any of the remaining crew...
...Vatican Bank was a shareholder in Banco Ambrosiano, and investigators claim that Marcinkus was linked to Ambrosiano President Roberto Calvi's diversion of some $1.3 billion from the bank through ten dummy Panamanian companies. While no evidence of personal gain has ever been alleged, authorities charge that Marcinkus allowed the Vatican Bank to be used by Calvi for his schemes. Marcinkus has strongly denied the accusation, and last Friday the Vatican came to his defense. In an unsigned statement, it expressed "profound astonishment" at the arrest warrants against Marcinkus and two senior officials...
Repeated demands by the U.S. Internal Revenue Service for help in tracing the money of tax cheats have up to now gone unanswered. As Planning Minister Ricaurte Vasquez has observed, "Only two things are certain: death and taxes. We're still working on solving the first one." A Panamanian lawyer who set up several shell companies for former Philippine President Ferdinand Marcos is more direct: "It's none of my business where the money comes from...
South American drug traffickers have appreciated this attitude. Arriving regularly from Colombia, Bolivia or Peru at the Torrijos airport, they hire armored cars and off-duty policemen to escort them and their money to hotels. When a Cuban-born woman called from Miami to ask her Panamanian lawyer for help in making a deposit, he assumed she needed legal advice. What she really wanted was assistance in lugging dozens of shoe boxes filled with small- denomination bills to the bank...