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Nugan Hand Bank
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==Collapse and Aftermath== β’ Frank Nuganβs Death: On January 27, 1980, Nugan was found dead by gunshot, officially ruled suicide. Conspiracy theories persist. β’ Bank Collapse: By mid-1980, insolvency was exposed, with $50,000 in missing funds. Hand fled Australia with assistance from a former Green Beret. β’ Investigations: β¦ The Stewart Royal Commission (1983) confirmed fraud and drug trafficking. β¦ The Joint Task Force on Drug Trafficking (1980β1983) found evidence of arms deals but faced U.S. secrecy barriers. β¦ A 1984 report suggested links to the 1975 Whitlam dismissal.
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