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Response to Wilms (Reply #21)

Mon Nov 16, 2015, 12:47 PM

22. BFEE License to Kill, DeFraud, Lie, etc.

All can be forgiven, as long as it's done in the name of fighting communism, except for talking and Colby was a patriot who told the truth when asked by Congress.

Intelligence agency friends hide corruption

Paul Malone, Canberra Times columnist, Nov. 14, 2015


For sceptics who think it must be some wild flight of fantasy to suggest that a small merchant bank set up in Sydney in 1973 could have significant links with the CIA and gun running, let me name a few of the bank's personnel and associates as documented in official sources.

Passing over the bank's founders, let's look at other players as identified by the Commonwealth-NSW Joint Task Force on Drug Trafficking published in June 1982.

The first president of Nugan Hand International was US Rear-Admiral Earl P. Yates (retired), formerly head of planning for US Pacific Command who joined the bank in 1977;

US Brigadier General Edwin F. Black was introduced to Nugan Hand by Yates and became the bank's representative in Hawaii;

Dale O. Holgrem was an officer in the US Army stationed in Taiwan, who worked as flight services manager for the CIA airline, Civil Air Transport (later Air America). He joined Nugan Hand in 1978 and became its Taiwan representative;

US Lieutenant-General Leroy J. Manor accepted an offer to become the bank's representative in Manila in February 1979;

Dr Guy Pauker, who has been described as a CIA operative, was a consultant to the bank in 1979-80;

US Admiral Lloyd Vasey appears to have had an "unofficial" role with the bank while US General Earl Cocke was believed to have had an executive position in the bank and provided office space for the group in Washington;

Walter McDonald was employed as an economist for the CIA for 25 years and joined Nugan Hand as a consultant in 1979;

and, to top it all, William Colby, the head of the CIA from 1973 to 1976, was introduced to Nugan and Hand by a "mutual friend" and worked as legal adviser to Nugan Hand International in Washington. A card bearing Colby's name was found on Frank Nugan's body.
The coroner found that Nugan had shot himself with a rifle he had bought two weeks earlier.

In the month following his death many of the Sydney records of the group were destroyed.

The Joint Task Force discovered Hand's means of escape. A former US Special Forces CIA associate of Hand, James Oswald Spencer, arrived in Australia on May 14, 1980, giving a contact as H. Boreland of Sydney. Helen Boreland was Hand's wife.

Spencer left Brisbane aboard an Air Pacific flight for Fiji, accompanied by Hand travelling under the name Alan Glen Winter.

Former CIA Indo-China station chief Theodore (Ted) Shackley told investigative journalist Brian Toohey that Hand had worked for him in clandestine CIA activities in the 1960s. Other sources told Toohey that while in Laos, Hand worked with US-backed mercenary armies drawn from the Meo hill tribes.



It's a safe bet someone has profited from Mr. Colby's demise. Theodore Shackley, the Blond Ghost, was one of Poppy's friends sacked by Jimmy Carter's CIA director, Adm. Stansfield Turner. Shackley would come back to haunt America through the Safari Club, which helped sack Jimmy Carter via the Ayatollah Khomeini, Reagan's arms-for-hostages partner.

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