Speech #880018233

Mr. Speaker. I disclosed on the floor of the House late yesterday afternoon that a naturalized American citizen who has received some $32 million in U.S. Governmentinsured loans has a substantial interest in oversea companies which account for some 30 percent of all current nonCommunist shipping to Communist Cuba. This mans name is Manuel E. Kulukundis. He was naturalized on June 20. 1955. and lives in New York. As I stated earlier. he curiously obtained a fleet of surplus World War II U.S. vessels purchased under the Ship Sales Act of 1946 the same day he obtained U.S. citizenship. and purchase of the Government surplus vessels had been previously questioned because he was not an American citizen. Since that time Kulukundis has received some $32 million in U.S.