The giant American company Gulf Oil has found itself at the centre of a political storm in Latin America after admitting it had paid out large bribes to top Bolivian government officials.
GV INTERIOR Gulf Oil Spokesman at press conference
CU Spokesman speaking
SV PAN FROM Newsmen TO Spokesman
GV EXTERIOR Government building TILT DOWN
SV Military Cabinet members leaving building (2 shots)
Initials CL/1710 CL/1722
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Background: The giant American company Gulf Oil has found itself at the centre of a political storm in Latin America after admitting it had paid out large bribes to top Bolivian government officials.
Two former Presidents of Bolivia seem likely to have been the main beneficiaries of 4.2 million dollars (GBP1.8 million sterling) between 1966 and 1971.
Last week at the Quemade Palace in La Paz, Gulf's chief Bolivian representative -- Senor Carlos Dorado Chopitea -- faced newsmen to answer the bribe allegations. The present Bolivian leader, General Hugo Banzer attended at the head of his chief Cabinet ministers.
Senor Dorado read a letter from the American Corporation's Chairman, Mr. Bob Dorsey, identifying the former President, General Rene Barrientos, as a chief recipient of bribes. Gulf had paid for the rental of a private helicopter for Barrientos and had made him a gift of the $110,000 aircraft when he took power in 1966.
The affair has already had repercussions for Gulf. On Tuesday (May 13) the Corporation's assets were seized by the Government in neighbouring Peru with the Bolivian events cited as justification.