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Lockheed Scandal / Kickbacks and Bribes #244559

CBS Evening News for Thursday, Feb 26, 1976
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(Studio) Japan parliamentary committee votes to request testimony of 3 American Lockheed representatives, incling ex-pres. Carl Kotchian. Report on Lockheed.
REPORTER: Walter Cronkite

(No location given) Lockheed sells $650 million of aircraft and parts to for. cntrys. each year For 15 years, these sales have been greased by payoffs to political and military representatives in 13 cntrys. Payments made in: Indonesia; Iran, Italy, Japan, Mexico, Netherlands, Nigeria, Saudi Arabia, South Africa, Spain, Turkey and West Germany.
REPORTER: Robert Schakne

(DC) 1975 film shown. [Ex-bd. chairperson Dan. HAUGHTON - says he doesn't condone the use of payments, but practice seemed necessary in several cntrys.] In 1960's, money spent to promote sale of 1200 F-104 Star fighter jets. Since 1970, sales promoted of L-1011 and C-130 military cargo plane. $106 million paid to Saudi busman., Adnan Khashoggi. Senator spokesperson say some of those funds went to Saudi Air Force chief of staff and defense minister.
REPORTER: Robert Schakne

(No location given) [KHASHOGGI - says payments are nothing new.]

(Netherlands) $1 million paid to Swiss intermediary to Prince Bernhard of Netherlands for sale of F-104 fighters. Later, $100,000 paid to Bernhard to promote L-1011. Bernhard denies charges.
REPORTER: Bill McLaughlin ,Robert Schakne

(Japan) Japanese Diet investigates Lockheed charge that $7 million paid to right-wing political and World War II war criminal, Yoshio Kodama, for sale of F-104 and L-1011. $2.8 million reported paid to other Japanese.
REPORTER: Robert Schakne

(W. Germany) Ex-W. German defense minister Franz Josef Strauss named for taking payments from Lockheed for his political party He denies charges.
REPORTER: Robert Schakne

(California) "New York Times" survey shows payments also made by these companies: Ashland Oil, Castle and Cooke, Exxon, Ford, GM, Grumman, Gulf Oil, Lockheed, McDonnell Douglas, Mobil, Northrop, Phillips Petroleum, Rockwell International, G.D. Searle, United Brands and Whittaker Corporation Bus. research organization, Conf. Bd.'s survey of corporation execs. shows payoff practice is widespread.
REPORTER: Robert Schakne

(DC) [The Conf. Bd., James BASCHE JR. - says 3/4 of companies are asked for payoffs. Companies feel they must follow local practices.] [Institution For. Policy Studies Richard BARNET - says in national interests to let companies go out of business if they can't survive without bribes.] Senator disclosures measure would require that companies making payoffs disclose all details to Secretary of State, Congress, and regulatory agencies.
REPORTER: Robert Schakne

Reporter(s):
Cronkite, Walter;
McLaughlin, Bill;
Schakne, Robert
Duration:
00:05:30

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