Oswaldo López Arellano

Oswaldo López Arellano was a Honduran politician who twice served as the President of Honduras, first from 1963 to 1971 and again from 1972 until 1975.

In 1975, the U.S. Securities and Exchange Commission exposed a scheme by United Brands Company (an American Banana Company) to bribe President López with US$1.25 million, with the promise of another $1.25 million upon the reduction of certain banana export taxes. Trading in United Brands stock was halted, and on 22 April 1975 López was ousted in a military coup led by his fellow General Juan Alberto Melgar, in the 1975 Honduran coup d'état. This scandal is known in Honduras as "Bananagate".

Appearances

 * Football War - MiniWars