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Publication: European Stars and Stripes Friday, May 8, 1987

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   European Stars And Stripes (Newspaper) - May 8, 1987, Darmstadt, Hesse                                Page 26 the stars and stripes Friday May 8, Secord says he did t profit from deals Washington a retired maj. Gen. Richard v. Secord bristling under sceptical questioning from the chief sen ate lawyer in the Iran Centra hearings insisted repeatedly thursday that he did not profit from arranging arms deliveries to Tehran and he Nicaragua rebels. Senate attorney Arthur i. Liman persistently questioned second about an estimated $8 million that has been left in Swiss Bank accounts since the Iran con tra Enterprise was abruptly aborted sin months ago by attorney general Edwin Mcnese s Public disclosure of in. In a series of testy exchanges during a two hour nationally televised morning session Accord repeatedly denied i Man s suggestions that he a in line Totake some of Hose funds. I did not ome Here vol Purily to be badgered said Secord we. Was testify ing without immunity during the third Day of the joint House Senate hearings. Despite his repealed denials a person Al profit Secord said he was still reserving judgment on whether to sign a waiver that Senate investigators have sought giving them Access to any foreign Bank records in which is holds an interest. Secord went to court to Block investigators Access to those records but he fold the hearing thursday that he wanted Lime Days not weeks to consult with his lawyer Over whether to give up the records. Secord said the is million part of the proceeds from iranian arms Sale remains Frozen in Bank accounts under the control of his business partner Al Bert Hakim. When Liman asked him whether he has any plans to share the Money with Hakim if it is Unfrozen second replied no or. Liman i do not he said he forsworn any profits and ten them for Hakim to do with what he  the subject arose again in an afternoon session when Secord conceded to sen David Boren a okla that he envisioned the possibility of making great Deal of private profit if the United states and Iran re established Friendly  said lie raised the Issue because you it keep rejecting the word profit like it s something  said thai it. Col. Oliver North the National Security Council aide who recruited him for the projects had once joked with him that if the facts sur rounding the secret Contra Supply Effort became known he North would receive a Pardon. Secord said he told North that Type of talk was ridiculous. We discussed repeatedly that no Laws were being Bro Ken Secord said. He cd the hearing he believed the Supply Effort did not violate a congressional ban then in effect on direct or in direct . Aid to the Contra even though North and some Cia and Mili tary officers and . Diplomats aided Accord operation it never even occurred to me that someone would construe Normal govern mental salaries As covered by the ban Secord said. But rep. Louis Stokes a Ohio said salaried , government officials were instrumental to the operation. Secor agreed saving that their Aid and assist Ance were invaluable and the operation could not have been carried out without that Aid. Stokes questioned Secord about the purpose of an erroneous chronology of the affair prepared in the White House last fait. I knew it was prepared for then Cia director William a Casey Touse before Congress Secord said. As Secord testified thursday presi Dent Reagan in a ceremony at the White House repeated thai he did not know of the diversion of iranian arms Sale proceeds to the  had testified on wednesday that North told him the president knew of the diversion. Then he was Misin formed Reagan  did not know about it and i did not know and i am still waiting to know where did that Money go the presi Dent added Reagan told reporters he knew that second As a private citizen was engaged with other private citizens in try ing to get Aid to the , he said there was nothing illegal in thai and he added i m very please that american people Felt that  cafes from Page 1 question of Sci Iino in to the  said the temporary measures Are working and distribution Levels should be Back on schedule within the next three week. Officials had anticipated some problems in bringing the targe and Complex system on line said Donald Pontius Deputy commander for operations. Once Complete the Complex will be one of the most advanced in the world he  Seldom does something like this work As planned initially Pontius raid. We anticipated prob Lem we just did t know which ones to  the warehouse Complex in Giessen which handle distribution for All exchanges in Europe was designed to be totally automated with the software providing the brain to a computer system that drives the mechanized distribution  manual labor will still be required to some extent the computer will eliminate vast amounts of paper work used to track merchandise in the 250,000 Square foot High Rise  computer tracks and monitors the total move ment of merchandise from the time it is received in the warehouse from inc . Until i is shipped to a store in Europe Pontius said. The computer will know where everything is and when it s time to be shipped and where and it la Tell  but with the computer brain dead workers Are using Index cards to track the inventory in the new warehouse he said in the absence of the brain the mechanized aspects of the warehouse Are not functioning Lee  
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