Iran-Contra Mention Costly
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WASHINGTON — The board of the National Endowment for Democracy voted unanimously today to remove federal grants, designed to promote democracy overseas, from an organization mentioned in connection with the Iran- contra affair.
The endowment, a federally funded private organization, ended its grant arrangement with the Institute for North South Studies in Washington. The institute’s initials appeared in a chart found in the safe of Lt. Col. Oliver L. North, a central figure in U.S. arms sales to Iran and possible diversion of money to the Nicaraguan contras.
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