5g
LEASE PER MONTH FOR 36 MONTHS
With coritolizt•l cost reduction
A recent congressional
report detailed a large-scale
audit conducted by the Gen-
eral Accounting Office of
military sales to Israel and
Egypt.
The report was requested
by Rep. David Obey, D-Wis.,
an advocate of foreign aid
reform who chairs the
powerful House Appropria-
tions subcommittee on for-
eign operations, which ap-
propriates foreign aid
money.
The audits were done in
the wake of a major fraud
case in Israel involving an
Israeli general, Rami Dotan,
who was convicted of taking
approximately $40 million
in U.S. money by filling out
false reports on U.S. defense
contracts.
The so-called Dotan affair
caused concern here that
foreign military contracts
were not being properly
monitored.
The commercial channel
was viewed by some as par-
ticularly vulnerable to
abuse because the U.S.
government has fewer
methods of monitoring
commercial sales in which it
is not involved.
Embassy spokeswoman
Yaron said that as a result of
the Dotan affair, the Israelis
had "dramatically" changed
their procurement ratio and
were now obtaining fully
two-thirds of their military
needs through government-
to-government channels.
While the GAO report did
discuss various
"weaknesses" found in the
entire process by which
Israel and Egypt purchase
military equipment, the
Israeli Embassy here pro-
claimed itself "pleased" by
the report's overall conclu-
sions.
Ms. Yaron said that the
Israeli government was
"pleased that the report rec-
ognizes that the Ministry of
Defense conducts its FMF
financed commercial pro-
curement in a fundamental-
ly sound manner."
The report noted that in
some cases Israel and Egypt
had valid reasons, including
price and safety considera-
tions, for using the commer-
cial channel instead of the .
government channel.
In addition, the report
noted that Israel had added
controls to its procurement
process following the Dotan
affair.
The countries eligible to
make FMF purchases
through the commercial
channel are Israel, Egypt,
Turkey, Greece, Portugal,
Tunisia, Morocco and Jor-
dan. El
of $1.605
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Standard features including a supplemental restraint system
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Offered by Volvo Car Finance, Inc. through participating Volvo dealers through August 31,1993. Subject to credit approval and availability
from existing dealer inventory. Customers must take delivery by September 7, 1993. Dealer prices may vary. Capitalized Cost Reductions
may be comprised of dealer and/or customer contributions, as well as trade-in allowances. Dealer contribution may affect customer cost.
Payments based on a 36-month closed-end tease for new 1993 900 Series models. • For example: A 945S wagon, with
Level r I may
option
al-
ptions an
Cud / or tem
yments of 5359 a month totaling 512. 924. Differ ent o
package an d leather-faced interior, would require 36 pa PITALIZED GOV REDU CTION OF 51 .605 FOR THE 9 4 S, s tome r respo nsi-
CA
lect monthly payments. BASED ON A CUSTOMER
Refundable Security Deposit, totaling 52339 plus insurance,
ble at signing for the capitalized cost reduction, first monthly payment, 5375
taxes, title and registration tees. Customer liable throughout the lease for maintenance and repairs not included in the free maintenance
offer. II customer does not purchase the vehicle at lease end, customer responsible for mileage charge of plus
5.15/mile
over fees
15,000
miles
any official
and taxes
513,725,
t 3 fee
per year, excess wear and tear, and a 525 0 disposiion
Option
to purchase
at lease end
for first. See your authorized Volvo dealer for
years
or 50,000
miles. whichever
comes
"Free factory-scheduled maintenance availabl e tor
details of this lease program. ©1993 Volvo Car Finance, Inc. Drive Safely is a trademark of Volvo Cars of North America, Inc.
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