Nugan Hand Bank
 Nugan Hand Bank  (Fraud, Front)    | |
|---|---|
| Formation | 1973 |
| Founder | •  Francis John Nugan•  Michael Jon Hand |
| Extinction | 1980 |
| Interest of | Peter Abeles, Murray Riley |
Alfred W. McCoy and Sterling and Peggy Seagrave claim that Nugan Hand was totally CIA controlled (via Paul Helliwell), seeing it as part of a series of CIA-controlled banks, preceded by Castle Bank & Trust and succeeded by the Bank of Credit and Commerce International (BCCI). They state that the bank was just small stepping stone for the CIA in laundering capital that started during World War II.[1][2]
It has long been a subject of speculation that Nugan Hand played some part in Australian prime minister Gough Whitlam's dismissal.
Fraud
"The bank collapsed with debts in excess of $50 million and a subsequent royal commission found evidence of money-laundering, illegal tax avoidance schemes and widespread violations of banking laws. Over the years, the two words Nugan Hand became shorthand for drug-dealing, gun-running, organised crime and clandestine intelligence activities."[3] Michael Jon Hand went missing and no one connected with the Nugan Hand bank was convicted (maybe not even charged) of a crime.[citation needed]
Establishment Inaction
In November 2015, Michael Jon Hand, described as "one of Australia’s most wanted fugitives" was found to be living in USA.[3] After a brief flurry of posts from the commercially-controlled media, they suddenly went quiet, prompting a WhoWhatWhy commentator to remark "And so it goes. Somewhere, Michael Hand must be smiling at how easy it is to get away with crimes when your employer is the CIA."[4]
References
- ↑ McCoy, Alfred W. (1991), The Politics of Heroin: CIA Complicity in the Global Drug Trade, Lawrence Hill Books, pp. 461–469
- ↑ Seagrave, Sterling; and Peggy Seagrave (2003), Gold Warriors: America's Secret Recovery of Yamashita's Gold, Verso, pp. 98, 148,
- ↑ a b http://www.smh.com.au/business/banking-and-finance/nugan-hand-bank-mystery-michael-hand-found-living-in-the-united-states-20151107-gkthas
- ↑ http://whowhatwhy.org/2015/12/01/australian-media-goes-silent-on-nugan-hand-bank/
