PERU: Tycoon's Triumph

The chief collector of revenue for the Peruvian government leaned back in a chair in his oak-paneled office one morning last week, held up a slip of paper and chortled. "This," he remarked genially, "is the biggest private check ever paid in Peru." Then, turning businesslike, he handed a receipt to the lawyer who had just given Peru $3,000,000 on behalf of Aristotle Socrates Onassis, shipping, gambling and whaling tycoon.

The record check was in payment of a fine levied against Onassis after Peru caught five of his whaleships hunting within the 200-mile offshore limit that Peru claims to control....

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!