Latin America: Double Cross?

Down the swank Avenida Alvear marched two blue-uniformed police. Of all improbable places, they stopped at the home of Sr. Federico (Fritz) Mandl, Austrian-born, Argentine-naturalized munitions magnate, arrested him "by order of the President," and whisked him off to Buenos Aires' gloomy Grenadier's Barracks. Simultaneously, the Government decreed the expropriation of IMPA, Mandl's ambitious arms factory. It was the most astonishing event in Argentina's busy week (see col. 1).

Fritz & Hedy. Fritz Mandl was the scion of Austria's pre-Anschluss Hirtenberg Arms factory. In Vienna of the 1920's he acquired notoriety...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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