The bank’s co-founder, American Michael Jon Hand , and two other bank employees were indicted for conspiring to “pervert the course of justice” by destroying or removing bank records. Stewart , and lasted from to Marcos, sister of Ferdinand. Henry Chinn on Northern Territory railways and ports — on powellised timber — upon the Commonwealth electoral law and administration — on meat export trade on food supplies and trade and industry during the war Politician and jurist, John Dowd , states that Nugan Hand became the vehicle to quietly move drug industry money. They received documents from both agencies that were so heavily redacted that they were useless. Cooperation from the American agencies did not extend to other Australian investigators.
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Bernie Houghton became the bank’s Saudi Arabian representative;  but eventually had to flee that country in a hail of bullets, as depositors sought to recover their money.
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The bank’s collapse was precipitated by the death of its founder Frank Nugan in the early hours of 27 January The Commission concluded that Yates, who had apparently been recruited by Hand, was responsible for the involvement of other retired military and intelligence personnel.
Suspicions about eecutive bank’s activities grew in subsequent days as details of the contents of Nugan’s car emerged.
Two of these were from bodies specifically created to examine the scandal: The politics of heroin: The Royal Commission found that the Nugan Hand Bank was implicated in money-laundering, illegal tax avoidance schemes, and widespread violations of banking laws. They received documents from both agencies that were so heavily redacted that they were useless.
Nugan Hand Bank – Wikipedia
Nugan who was facing charges of stock fraud was found shot dead by a. Scullin in the House of Representatives on 7 and 19 Augustin relation to land tax matters — on the finances of Western Australia, as affected by Federation — Cooperation from the Execjtive agencies did not extend to other Australian investigators.
After destroying many of Nugan Hand’s records, Hand fled Australia under a false identity in June Stewartand lasted from to Three major government investigations issued reports devoted to the activities of Nugan Hand. Politician and jurist, John Dowdstates that Nugan Hand became the vehicle to quietly move drug industry money.
Royal Commissions of the Commonwealth of Australia. Michael Hand had formed a close business and social relationship with former Sydney police constable and underworld “patron”, Murray Stewart Riley.
Henry Chinn on Northern Territory railways and ports — on powellised timber — upon the Commonwealth electoral law and administration — on meat export trade on food supplies and trade and industry during the war The bank’s co-founder, American Michael Jon Handand two other bank employees were indicted for conspiring to “pervert the course of justice” by destroying or removing bank records.
Common Courage Press, p.
Nugan Hand Bank
Michael Hand found living in the United States”. Defunct banks of Australia Central Intelligence Agency front organizations Money laundering Banks established in Banks disestablished in Organised crime in Australia Commonwealth of Australia royal commissions establishments in Australia disestablishments in Australia.
This page was last edited on 16 Decemberat Limited for the supply of bread to the Department of the Army, and other matters to inquire into circumstances under which certain public monies were used and to whom, and for what purposes such moneys were paid an inquiry into a statement that there was a document missing from the official files in relation to “The Brisbane Line ” to inquire into and report upon certain transactions of the Sydney Land Sales Control Office, and the Canberra Land Sales Control Office of the Treasury to inquire into certain transactions in relation to timber rights in the Territory of Papua-New Guinea Royal Execuhive Act Cth.
An inquest later returned a verdict of suicide.
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Aboriginal Land Rights Commission — Australian Post Office Commission of inquiry — of Inquiry into land tenures — on petroleum — of Inquiry into the maritime industry — Independent Inquiry into Frequency Modulation Broadcasting — of Inquiry into transport to and from Tasmania — on Australian Government Administration — on human relationships — on intelligence and security — into alleged payments to maritime unions — to inquire into and report upon certain incidents in which Aborigines were involved in the Laverton area — on Norfolk Wxecutive — According to writer Alfred W.
Views Read Edit View history. Nugan Hand Part 1Another free election bites the dust’ in Killing Hope: From Wikipedia, execufive free encyclopedia.
Of special interest was the business card of William Colby. Ina Royal Commission of Inquiry found that while the bank had committed numerous violations of banking laws, the allegations of drug-smuggling, arms dealing and involvement in CIA activities were not substantiated. However, questions remain unanswered in regard to the lack of fingerprints on the weapon and the probability that the police who found Nugan had prior knowledge of his death.