For two years shark-mouthed Matyas Rakosi, Hungary's Communist boss, had been casting covetous eyes at MAORT (Magyar Amerikai Olajipari Rt.), the $25 million American-owned Hungarian affiliate of Standard Oil Co. (New Jersey). Behind his greed was Moscow pressure: the American concession controlled richer fields than the Soviet-dominated joint company, Hungary's only other oil producer. The Russians had operated MAORT for a short time under Red army occupation, and wanted it back. Last week, Rakosi seized MAORT and in Washington the two U.S. citizen executives from whom he took it summed up the Rakosi expropriation method: "The political police...

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