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BRIEFLY

December 22, 1987

A group of congressmen charged that Ford Motor Co. has violated a U.S. law banning new investment in South Africa by transferring $61 million to a former subsidiary now owned by a branch of the Anglo-American Corp. Ford made the $61-million transfer to Samcor, an auto firm, last week after receiving assurances from Treasury Department officials that it would not be prosecuted for violating sanctions legislation, a senior Ford official said. The group of nine congressmen, including House Subcommittee on Africa Chairman Rep. Howard Wolpe (D-Mich.), expressed "outrage" at Treasury's decision, calling the transfer "massive new U.S. financing for a rich and powerful South African firm."

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