• Short Summary

    Senator William Proxmire, Democratic chairman of the Senate Lockheed bribes scandal hearings clashed with U.S.?

  • Description

    Senator William Proxmire, Democratic chairman of the Senate Lockheed bribes scandal hearings clashed with U.S. Treasury Secretary William Simon on Thursday over his demand that Lockheed must name those who received the bribes.

    Senator Proxmire said that the time had come for full public disclosure of all organisations--and individuals who received pay-offs for helping Lockheed gain contracts worth millions of dollars.

    The Senator said the scandal was a serious blot on the commercial and diplomatic relations of the United States. He said that it was a fact that Lockheed had paid more than 200 million U.S. dollars to overseas agent---of which some 24 million dollars has been paid to government officials by Lockheed's own estimates.

    The scandal has had world wide repercussions:
    Price Bernhard of the Netherlands is under investigation by a government committee of inquiry after allegations that he received over one million dollars to boost Lockheed's sales.

    In Italy, the government has launched an official inquiry into the contract for 14 Lockheed C-130 Hercules Transport planes and in Japan, a Parliamentary Commission is pursuing other bribery claims against Lockheed. In fact, some Japanese politicians have already warned that the scandal may cause the government to cancel a huge order with Lockheed for maritime patrol aircraft.

    Treasury Secretary William Simon told Senator Proxmire that he agreed disclosure would act as a great deterrent against future pay-off attempts. However, he feared that if all names were disclosed the innocent might be accused with the guilty.

    This film is serviced with a speech in English by Senator William Proxmire and a speech in English by Treasury Secretary William Simon. A transcript of both appears below:

  • Tags

  • Data

    Film ID:
    VLVAAQU2OV23OA1QXZMVS70WB9G8X
    Media URN:
    VLVAAQU2OV23OA1QXZMVS70WB9G8X
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    20/02/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:43:00
    Time in/Out:
    /
    Canister:
    N/A

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