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Details CIA operations and how they set up a world-wide heroin smuggling operation, and how they expanded into other drug markets. The "War on Drugs" is nothing but a way to get rid of CIA's competition.
Read this book when it first came out, and again now as a refresher of sorts. Been one of those folks in my past. it is just interesting. The book was way ahead for its time.
finding book excellent so far after only six chapters.extremely well researched and well written,especially in relation to explaining to readers the slight differences between the goverment systems and cultures of australia and america.
Michael John Hand was a Green Beret war hero, CIA operative in Laos and Vietnam, vice-chairman and half-owner of Nugan Hand bank (which he formed with Frank Nugan in Australia in 1973), and friend of drug runners and military officials. He and many of his associates were closely connected with Air America.
Their bank was very close to criminals, dictators and their dirty money. After Nugan's death, Hand testified that it was all Nugan's fault, but he believed that his partner had been murdered. Hand revealed that the formerly wealthy business was now insolvent. After Nugan's death, Hand and "a team of former US military operatives in Southeast Asia" ransacked his office looking for incriminating files.
Nugan joined up with Hand around 1970. During this period Hand spent a lot of time in Southeast Asia; he was known as a devout anti-communist. The Nugan Hand Bank was started in 6/1973, and was a prominent operation by 1975. Nugan Hand routinely violated Australia's laws restricting the export of capital from the country. The bank had great references from respectable firms, such as the Australia and New Zealand Banking Group Ltd., and even the US Commerce Dept.
Their were four major official investigations of Nugan Hand in Australia; "a royal commission that had been appointed to investigate drug trafficking, but that kept running into Nugan Hand and lacked authority and manpower on its own to open that huge can of worms." They faced stonewalling by US authorities as well. William Colby, through his law firm Reid & Priest, did work for Nugan Hand and was apparently friendly with both men. The Bank never seemed to operate like a real bank, instead sucking in peoples' money and making it disappear. An Australian task force on drug trafficking issued a report on Nugan Hand in 1983, but important passages were censored, including a section called "Nugan Hand in Thailand." A former employee, Neil Evans, later told the press that Nugan Hand was an intermediary between the CIA and various drug rings. Declassified FBI files on Nugan Hand are also heavily censored.
Almost lost within the Iran-Contra scandal which almost brought down the Reagan administration in the 1980s, was this mysterious story of the Nugan Hand Bank, where an international network of U. S. generals, admirals, and CIA men, including former director William Colby, were involved in a vast clandestine operation that engaged in narcotics trafficking, tax evasion, gun running and arms sales, and swindling American citizens and countless others out of millions of dollars.
This is a book about something I know a little about, and wanted to find out more. It gave me that more and posed a few new questions. A real series of events that reads like a fictional thriller.