U.S.A.: SENATE CONGRESS DISAGREE OVER NAMINA NAMES IN LOCKHEED BRIBE SCANDAL HEARINGS.

Record ID: 1061892

  • Title: U.S.A.: SENATE CONGRESS DISAGREE OVER NAMINA NAMES IN LOCKHEED BRIBE SCANDAL HEARINGS.
  • Date: 20th February 1976
  • Summary: 1. GV: U.S. Senate Lockheed Hearing ZOOM into CU of Senator William Proxmire. MUTE 0.16 2. SV: officials and public, listening as Senator Proxmire starts speaking. English Sof starts: "I believe the..." English Sof Out...Lockheed's own estimates". (2 shots) 3. GV: U.S. Treasury Secretary William Simon and officials seated. (2 shots) MUTE. 0.58 4. SV: Secretary Simon speaking. 1.42 English Sof Starts: "I believe disclosure.... English Sof ends: ....tarring his reputation." SENATOR PROXMIRE. ENGLISH SOF STARTS: "I believe the time has come for full public disclosure of the recipients of all such bribes including the names of the recipients This scandal has been a serious blot on this country's commercial and diplomatic relations with other nations. At present we know that Lockheed has paid more than 200 million dollars in commissions to agents abroad, of which some 24 million dollars has been paid to government officials, according to Lockheed's own estimates." TREASURY SECRETARY SIMON. ENGLISH SOF STARTS: I believe disclosure is on the one point a tremendous deterrent for anything like this occurring again. The threat of disclosure to me is just like the death penalty which I also feel strongly about.....is a deterrent as far as anybody committing murder. And then I put that on one side. Then, having said that I say all right if disclosure is a deterrent why don't I fully favour it? Then I say, well, if I disclose all these names, if I knew them, I would be in danger of disclosing innocent--potentially--as well as guilty people. Is that the role of a banker, of a financial man in the government to do that? Because you would perhaps be for ever tarring his reputation". Initials RH/2055 RH/2125 Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 5th March 1976 12:00
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  • Location: WASHINGTON D.C., U.S.A.
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  • Country: USA
  • Reuters ID: LVAAQU2OV23OA1QXZMVS70WB9G8X
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  • Copyright Holder: REUTERS - SOURCE TO BE VERIFIED
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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