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To: Clint E. who wrote (16568)6/14/1998 8:36:00 PM
From: j g cordes  Read Replies (1) | Respond to of 69123
 
talk about is bribery! Looks like some contracts are not always awarded based on technical & economical issues. I guess American companies need to get with the program and grease the skids the old fashion way!!!

Who really knows what's going on.. "



IBM execs to face warrants

Argentine judge to compel testimony
regarding bank corruption scandal

June 2, 1998: 7:01 p.m. ET

Big payday for
IBM chief -
March 16, 1998

Bad day for IBJ -
Feb. 9, 1998

IBM Corp.

More related
sites...
BUENOS AIRES (CNN) - Two current and two
former IBM Corp. executives from the United States
soon will face international arrest warrants issued by
an Argentine judge in what the local press describes
as the country's largest corruption scandal.
Judge Adolfo Bagnasco announced he will issue
the order Tuesday night or Wednesday to compel the
four men to testify in Argentina about the specifics of
IBM's $250 million contract to modernize the
state-owned Banco Nacion's information technology.
The move comes five weeks after a former Banco
Nacion executive confessed to having received
kickbacks in return for selecting IBM's Argentine unit
for the contract.
Another former bank executive said the more than
$1 million found in a Swiss bank account in his name
was a "gift" from IBM, the product of the company's
"happiness" with the contract.
Argentine experts working on the investigation said
the prices charged by IBM in this contract were
exorbitant.
IBM (IBM) issued a statement defending the four
men and lamenting that "the reputation of these four
men have been attacked."
The statement characterized the accusations as
unsubstantiated and said Judge Bagnasco's
investigation had failed to produce evidence that Steve
Lew, Peter Rowley, Robeli Libero or Marcio Kaiser
were aware of any misuse of funds stemming from
the Banco Nacion contract.
FBI Director Louis Freeh visited Argentina last
month and told CNN that both the FBI and the U.S.
attorney in New York had investigated the matter. He
also stressed the FBI's commitment to assisting Judge
Bagnasco's investigation.



To: Clint E. who wrote (16568)6/15/1998 3:40:00 AM
From: Johnny Canuck  Respond to of 69123
 
Clint,

I spent a month in China a few years ago working on a technical
transfer to a manufacturing facility. Under the table payments
are a way of life in certain parts of the world. If you want
things done expediently you need to pay for it. It was a bit
of a surprise at first, but you get used to it.

I talked to someone about it after I got back. He said it
was common for executives to travel with gifts of gold bars
in their suitcases. It is an Asian tradition to
exchange gifts. Usually it is cermonial, but in
some parts of the world some gifts
are bigger and more expensive than most <g>.

I know Motorola is in China so I expect that they
know the ground rules. In Latin America they have
probably not made the right contacts yet.

Harry

******************************

techweb.com

Cellular Subscriber Growth Soars
The Federal Communications Commission said Friday
the number of U.S. cell phone subscribers
grew 25 percent to 55 million last year.
The increase in subscribers and services has
led to falling prices, the FCC said in a report
to Congress. Paging services have also been very
competitive, adding two-way messaging, voice mail,
and data transmissions.