NIARCHOS TO PAY MORE IN U.S. SUIT

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP75-00149R000600090042-4
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: November 16, 2016
• Document Release Date: March 17, 1999
• Sequence Number: 42
• Publication Date: August 18, 1955
• Content Type: NSPR

N AUG i 8 /'r
Approved For Release 2000/05/24: CIA-RDP75-00149R000
STATINTL
n ent, however, ,''d ferl?ed for-
feiture of the ships: While ne-
gotiations were con Led , for
the construction of 9rh tankerslpanies paid $100,000 in c}2ictlinall
or^ United 4States-f ag 'operas fines, in addition to $4,000,000
Lions by a United :States car in civil penalties.
'
poration. The revised settlement
announced today is the'outconie
of these negotiations. .
Under the new arrangement;
the Niarchos interests will pay
Tor the construction in American
.shipyards of two 25,000 dead-.vessels did not complete the
weight-ton, tankers. -The cost is c&se,
,c!stiuiated at $16,000,000 to Negotiafions on other vessels
,y20,00 000. of the original fleet of nineteen
A. c rporation will be formed are continuing, and "we hope
which the Department of Jus- t ley will soon be concluded,"
gr-
CPYRGHT
,t this corporation. Minority of the agreement inciudecT'`,per:';
:'wnership by foreign interest is rnissfon to transfer $i: