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Response to MinM (Reply #13)

Fri Nov 13, 2015, 03:11 PM

17. The fact there is so little coverage about this demonstrates corrupt nature of news media.

At least Stein swings for the fences...



The Ghosts of Nugan Hand: A New Chapter in a Long-Running CIA Bank Mystery

BY JEFF STEIN
Newsweek 11/12/15 AT 3:00 PM

Ask Australian authorities about Michael Hand, and you get a big collective shrug. The fugitive former Green Beret and onetime CIA operative went missing 35 years ago after his mysterious, scandal-drenched bank went bust following the alleged suicide of his Australian business partner, Frank Nugan. A subsequent official commission “found evidence of money-laundering, illegal tax avoidance schemes and widespread violations of banking laws,” according to The Sydney Morning Herald.

But now he’s suddenly popped up under a new name in Idaho, insisting he did nothing wrong, and Australian authorities seem in no rush to get him back.

Officially headquartered in Hong Kong and chartered in the Cayman Islands during the Cold War, Nugan Hand had a roster of top ex-military officials and CIA figures that attracted suspicion that it was deeply involved in unsavory activities. “Over the years, the two words Nugan Hand became shorthand for drug-dealing, gun-running, organised crime and clandestine intelligence activities,” The Sydney Morning Herald wrote this week.

“Nugan Hand had enough generals, admirals, and spooks to run a small war,” the late Wall Street Journal investigative reporter Jonathan Kwitny wrote in his definitive 1987 book about the bank, The Crimes of Patriots: A True Tale of Dope, Dirty Money, and the CIA. Nugan Hand, he wrote, was “a giant theft machine” involved in CIA operations from Angola to Iran. In Saudi Arabia, where interest-charging banks are illegal, it acted as a cash depository for American expats.

In 1976, the attorney general of New South Wales, Frank Walker, launched an investigation into Nugan Hand, saying the bank had engaged in “serious crimes...and it wasn't just in Australia. It was all over the world where this bank was operating.”

CONTINUED...

http://www.newsweek.com/michael-hand-cia-heroin-nugan-hand-australia-393576



Like all good articles published in Corporate Owned News, though, the article fails to connect the dots for the reader. What matters most is the guy's a protected, made man of the BFEE. Like banksters and politicians who lie America into wars for profit, they never go to jail because they never are held to account for their crimes -- whether money laundering or arms dealing or child trafficking -- when committed under cover of "national security."

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LineLineLineLineReply The fact there is so little coverage about this demonstrates corrupt nature of news media.
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