ACTIVITIES OF VALERIO BORGHESE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R009400370009-3
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: November 16, 2016
• Document Release Date: December 10, 1999
• Sequence Number: 9
• Publication Date: November 19, 1951
• Content Type: REPORT

Approved For Release 2000/04/18 578009400370009-3
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CENTRAL ILH{7UG1ZNCE AGENCY REPORT' NO.
INFORMATION REPORT CD NO.,
COUNTRY Italy
SUBJECT Activities of
Yalerio Borghese
PLACE
ACQUIRED
DATE OF
INFO.
25X1X
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Approved For Release 2000/04/18 : -RDP82 0
25X1A 1-0 1
DATE DISTR. 19 Nov. 1951
NO. OF PAGES 1
SUPPLEMENT TQ
ji: REPORT NO.
Valerio Borghese is reportedly engaged in buying and selling LI.lied war Sur-
plus and salvage material, the exportation of which is permitted under pres-
ent Italian regulations,
2. Some months ago,,Borghese offered his services as intermediary between an
Italian firm and a Spanish firm for the purchase by the latter of the
remains of the caruiser TRIESTE, which was sunk during the ward For this
service he received a commission. His work was assisted by his contacts
and acquaintances in Spain.
3. The TRIESTE was salvaged four years ago by the Nicropari Company of 5 Via
Hi'an, which purchased It from the Italian Ministry of Defense
Navy, for the sum of 62 million lire. This sum includes a supplementary
payment of 40 million lire for failure to demolish the vessel on the spot
as was agreed upon by the two parties, and also because it was learned that
the vessel was to be used as a floating telephone center in another locality.
The Micropari firm, after about four years' work, re-sold the vessel to the
Spanish maritime Company Elkamo, 9 Miguel Angel Street, Madrid. The wreck,
valued at $720,000 (equivalent to 440 million lire) was compensated for.,
25 per cent in iron ore; 25 per cent in iron pyrites; 25 per cent in leads
and 25 per cent in potassium. Exportation was legal, in accordance with
existing regulations and was concluded with authorization No, 815198, is-
sued by the Ministry of Foreign Trade on 24 April 1951.
4. According to Information appearing in the ! ritime Bulletin of Spain, the
Spanish firm which purchased the carcass has allotted considerable sums
of money for putting the vessel back into efficient condition with the
evident intention of incorporating it Liao the Spanish Navy.
5. It has not been possible to confirm the existence of contacts between Borgheee
and General Gastone Gambare., former Commander of the Italian volunteers In
the Spanish Civil War, who resides at Bologna. Gambara, born at Imola on
10 December 1890, makes occasional trips to Rome, where he last stayed at
the Hotel Meditorraneo during 2 to 4 May 1951. He is in possession of
Italian passport No. 1088791 issued on 9 February 1950 by the Italian
Consulate in Madrid. During the course of his stays in Rome, Gambara has
frequent telephone conversations ith persons and firms located in Spain.
It is possible he assisted Bo eve In the TRIESTE deal.
CLASSIFICATION SE /CONTROL - U.S. OFFICIALS ONLY