According to Anthony Newton the Appendia Corporation had evolved into two separate institutions. In one it had retained that name, concentrating on property investments throughout the world, apparently having an enviable portfolio, worth several billion dollars, so his report read. With the other half, registered as The Panama City Fund, becoming essentially a money laundering centre that attracted huge interest from America. It was strongly believed to be the bank of choice for many drug barons operating through Colombia and other known narcotic havens. It was closed down after George W. Bush sent the American army to invade in 1989, only to emerge again in the capital city of Brazil, Brasília, one year later under the name of The Ryan Investment Group. There were two directors named in i
