Isaac said oil revenues have created an enormous slush fund for the country's elite.
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The money will not lead to increased lending, but will merely be a slush fund for political favors.
Prosecutor Eduardo Torres-Dulce said he may question Mr Rajoy and other PP officials about the alleged slush fund.
Bank of Tokyo-Mitsubishi, for example, can ill afford to be a slush fund for the rest of the group.
When an underwriter underprices a hot Internet offering, it is, in effect, creating a slush fund for its favored customers.
The SEC alleged that Kreinberg and Alexander created a "slush fund" of options, by allowing them to be granted to fictitious employees.
Likewise it is stupid to direct federal royalities away from the U.S. Treasury into a dedicated slush fund for alternative energy research.
Adoboli also set up what he called his "umbrella", a slush fund he could use to hide any profits on his unauthorised trades.
In addition, Alexander and his finance chief allegedly tried to conceal the slush fund from the board and from the company's outside auditors.
Matthew Reeve of south London estate agent Mercer Taylor advises against overstretching yourself, suggesting a slush fund is needed to run the property efficiently.
And how can you use money from TARP to pay for a second stimulus without it turning into basically a slush fund, as Republicans say?
The spur, longtime Bombay journalists like to think, was supposed revelations that the young premier's mother had left Ambani in charge of a huge political slush fund.
The temptation should be resisted to view security assistance as a slush fund from which resources can be readily drawn to meet the needs of nascent democracies for economic assistance.
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Lets imagine that there is a big slush fund with billions of dollars in it for trash collection in the country above and beyond the actual costs of collecting garbage.
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The ex-CEO of Comverse Technology arranged a secret slush fund of stock options by directing grants to "phantom" employees in a special account set up for the purpose, according to federal prosecutors.
It adds insult to injury that Primakov has secured what amounts to Western underwriting for these initiatives in the form of IMF and bilateral assistance, debt reschedulings, the Nunn-Lugar slush fund, etc.
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They say the company's ex-CEO and ex-finance chief used a secret slush fund of stock options to lure new executives and reward favored employees without the knowledge of the board of directors.
In October 1995, an opposition lawmaker produced a bank document showing Roh had stashed away a vast sum of money, most of it contributed by big business and allegedly used as a political slush fund.
The UK's commitment has been under scrutiny since the Serious Fraud Office (SFO) dropped its probe into claims that BAE Systems made illegal payments to Saudi officials through a slush fund, claims the company has denied.
So far, their main evidence has been a spate of posters accusing Frepaso of links to terrorism, and the noisy launch of several new magazines, allegedly subsidised by a government slush fund, that specialise in tendentious attacks on opposition figures.
The U.S. Justice Department and the Securities and Exchange Commission said Wednesday that the slush fund was part of an elaborate fraud carried out by three former senior executives of Comverse , including former CEO and founder Jacob "Kobi" Alexander .
It is trying to preserve its credibility as a global financial policeman, even while seeming to act, reluctantly, as a foreign-policy slush fund for those who deem Russia too big and too nuclear to be faced with the consequences of its actions.
Consequently, the Center believes that it would be foolish to leap to the conclusion that the United States can safely regard its defense budget as a slush fund, available to be raided at will for aiding the Soviets or other initiatives ostensibly undertaken in the name of national security.
The U.S. Justice Department and the Securities and Exchange Commission said Wednesday that the slush fund was part of an elaborate fraud carried out by three former senior executives of Comverse (nasdaq: CMVT - news - people ), including former CEO and founder Jacob "Kobi" Alexander .
South Korean and American officials say they believe the slush fund is worth billions, and that Mr. Kim uses it to help finance his nuclear weapons programs and to smuggle Rolex watches and other luxury goods, which he doles out to buy the allegiance of the party and the military elite.
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Let a few plain-spoken facts suffice: the widely-alleged existence of a vast BAE slush fund with which to bribe Saudi government officials was under investigation by the Serious Fraud Office until they were called off following pressure from Tony Blair in 2006 on the grounds of the Mother of All Euphemisms, national security.
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Rather than the austere integrity of a Ho Chi Minh or a Gandhi, nations nowadays gape at the scandal of Thailand's "buffet cabinet" or Korea's "slush-fund" presidents.
Executive Branch slush-fund for medium-term loans to foreign governments.
The nationalization of Fannie Mae and Freddie Mac, Treasury's purchase of - at last count - 17 banks and the ability to provide, or withhold, funds from its new slush-fund can translate into unprecedented coercive power.
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