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Illegal For. Political Contributions / Gulf / Ashland Oil #482713

NBC Evening News for Friday, May 16, 1975
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(Studio) Chairperson Gulf Oil, Bob Dorsey, appears before Senate Foreign Relations subcommittee and admits company spent about $5 million in illegal foreign political contributions. Company also helped finance education campaign to explain Arab side of Midle East conflict to Americans
REPORTER: John Chancellor

(DC) Dorsey's admissions of foreign contributions outlined; cntrys. include South Korea, Bolivia, Arab countries, Italy. [DORSEY - questions his judgement with regard to authorization of contributions.] [Senator Dick CLARK - asks if Gulf any worse or different than other international companies] [DORSEY -has no good reason to think Gulf any worse.] Dorsey urges Congress to make it illegal to dole out political contributions overseas.
REPORTER: Ray Scherer

(Studio) Securities and Exchange Commission charges Ashland Oil fails to account completely for more than $4 million passed out overseas.
REPORTER: John Chancellor

Reporter(s):
Chancellor, John;
Scherer, Ray
Duration:
00:02:20

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