Lockheed to Probe Its Alleged Foreign Payoffs
Lockheed Aircraft Corp agreed under threat of two government lawsuits to conduct an internal investigation into alleged illegal payoffs to officials in foreign countries. A special review committee will name a counsel to run the inquiry, while the SEC suspends its own probe. Japanese authorities seek names of officials who may have received bribes.
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England arms bribery scandal shocks Britain
London AP reports that American and British arms makers paid large bribes to Defense Ministry officials to win contracts. Scotland Yard, aided by the FBI, investigates with arrests expected soon. A colonel linked to a one million dollar payoff is named in file.
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FTC probes AMA power in health field stand
The Federal Trade Commission will examine whether the American Medical Association restrains physician supply and care access by influencing medical school accreditation and defining practice fields. The probe also tests AMA limits on non traditional health care forms and advertising by members.
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