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Nugan Hand Controversy #286024

CBS Evening News for Wednesday, Sep 22, 1982
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(Studio) CIA recalled accused of involvement in controversy featuring Nugan Hand Bank, Sydney, Australia.
REPORTER: Bob Schieffer

(Los Angeles, California) Details of controversy outlined, examined. [Former bank executive Neil EVANS - claims bank was to be purser for CIA.] Bank's beginning, during Vietnam war and by CIA airline in S.E. Asia, Air America, described; photos, films shown. CIA's apparent role in drug trade in Asia's Golden Triangle considered. [EVANS - claims drug money was used to financial CIA operations through Nugan Hand.] Many of bank's dirs. said American civilians and military officials with ties to United States intelligence community. Upon body of slain Frank Nugan authorities reported finding business card of former CIA director William Colby; Michael Hand, former Green Beret serving CIA, said missing since bank's collapse and presumed dead. Claims of links between Nugan Hand and Navy intelligence operation, Task Force 157, which incl. CIA agent Edwin Wilson, discussed; Wilson noted currently under indictment for arms sales to Colonel Muammar el-Kadhafi. CIA-Nugan Hand go-between Patry Loomis noted helping Wilson recruit former Green Beret terrorists for Libya. Australia's interest in bank's involvement in 1975 downfall of Labor Party government mentioned. CIA said denying allegations.
REPORTER: Gary Shepard

Schieffer, Bob;
Shepard, Gary

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