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Israel-Palestine
Arafat Aides Resume Talks With Israel, Fight Over His Fortune
2004-11-01
As Palestinian leader Yasser Arafat waited for results of tests conducted on him by French doctors, his senior aides have resumed contact with Israel to revive the US-backed road map for peace. Senior Palestinian and Israeli leaders held separate meetings yesterday to plan a path forward in Arafat's absence. Palestinian officials have been convening a series of top meetings in recent days to show that their institutions continue to function, while Israeli officials scrambled to plan for the possibility that the West Bank and Gaza could erupt into chaos if Arafat dies. At the same time sources close to the Palestinian leadership said a bitter fight had broken over who should control the ailing leader's fortune estimated to be between $4.2 billion and $6.5 billion.
Now I see what I did wrong with my life. I shoulda been a revolutionary. That's where the money is!
Sources said Arafat has written a will transferring control of his assets to members of his wife's family. Some of his aides, including former Premier Mahmoud Abbas who has stepped in as interim leader, however, believe the fortune belongs to the "beit al-mal" (public treasury), and should be transferred to the Palestinian Authority. The controversy started last week when Suha, Arafat's wife, asked Muhammad Rashid, Arafat's confidant and adviser, to prepare a list of the ailing leader's fortune. According to Palestinian sources Rashid has said he would furnish the list only to the Palestinian Authority.

Identifying Arafat's personal fortune and separating it from numerous secret bank accounts that he maintains in the name of the Palestine Liberation Orgaization and Al-Fatah is no easy task. According to Jean-Claude Robard, a Swiss investment adviser, Arafat opened his first secret bank account in 1965 with a $50,000 check from the emir of Kuwait. Since then he has set up other accounts in Switzerland, Austria, Luxembourg and the Cayman Islands. Arafat also owns a number of hotels and holiday resorts in Spain, Italy, France, Switzerland, and Austria. He is the main shareholder in two cellular telephone companies operating in Tunisia and Algeria. Some of Arafat's businesses are in partnership with Arab politicians, former officials and entrepreneurs, including Rifaat Assad, a brother of the late Syrian President Hafez Assad, and Barzan Al-Takriti, a half-brother of deposed Iraqi dictator Saddam Hussein. Al-Takriti is now under arrest in Baghdad.

Palestinian Foreign Minister Nabil Shaath said yesterday that Yasser Arafat's condition had improved markedly since Friday, when the Palestinian leader was rushed to a French hospital after being ill for two weeks. Doctors were trying to determine whether Arafat has a viral infection or some form of cancer after ruling out leukemia as the cause of his health problems, aides said. According to French sources, one possibility was that Arafat might have been poisoned. But Palestinian sources denied an American television report that Arafat may have been the victim of an assassination attempt, through slow poisoning, by Mossad, the Israeli secret service.

In Israel, Prime Minister Ariel Sharon said yesterday that Arafat would not be allowed burial in Jerusalem. Arafat has said he wants to be buried at the Jerusalem holy site known to Jews as the Temple Mount and to Muslims as the Haram As-Sharif, or Noble Sanctuary. But Sharon said that would not be allowed. "As long as I am prime minister, Arafat won't be buried in Jerusalem," he told a Cabinet meeting, according to participants. Israel has marked a burial site for Arafat in the Jerusalem suburb of Abu Dis, security officials said. Though hard-line ministers at the meeting asked Sharon to refuse to allow Arafat back into the West Bank, the premier said he was sticking by the commitment to allow Arafat to return from France after treatment.
Posted by:Fred

#15  Whhhaaaaaa? You mean Arafatwa wasn't working on behalf of Palestine and the poor and downtrodden? You mean he was feathering his pockets. That is a shock to one's sensibilities.
Posted by: John Q. Citizen   2004-11-01 7:06:02 PM  

#14  Whhhaaaaaa? You mean Arafatwa wasn't working on behalf of Palestine and the poor and downtrodden? You mean he was feathering his pockets. That is a shock to one's sensibilities.
Posted by: John Q. Citizen   2004-11-01 7:06:02 PM  

#13  
Posted by: Mark Espinola   2004-11-01 5:29:12 PM  

#12  CinGold, do you know anything about pali probate? I want my share and I'm willing for you to get it, I'll split 30-70, out of pocket is your problem. What ya say?
Posted by: Shipman   2004-11-01 4:57:18 PM  

#11  Funny how this unfavorable article comes from a "staff writer" of the Arab News. I figured an Israeli paper befor going to the link. No adjectives or vituperation. Just look at the amount of his fortune divulged, plus hotels in Europe. Couldn't be plainer than day.

This article might show that more than a few Arab govts. might be willing to part with Arafat under the pretext that he needs to stay permanently in France to be close to his doctors, national unity, or some such other reason.
Posted by: chicago mike   2004-11-01 2:08:03 PM  

#10  I wonder how soon I'll be getting an e-mail from Suha wanting my help moving some of that fortune to a U. S. bank?
Posted by: Mrs. Davis   2004-11-01 2:03:23 PM  

#9  Dear Mr. Arafat,
You know me not but I am told you are honest man by business contacts here in Lagos. I am Chucko Simminsescu, accountant for large company doing business in Nigeria but forced to have bank accounts held by political connections. If you please to send me all contact and bank information, I will certain to handle your affairs in a dignified manner. For only ten percent and five percent for expenses. This will be engaged in confidence and without political connections here in Lagos. Thank you very lovely.
Posted by: Chuck Simmins   2004-11-01 11:04:17 AM  

#8  Take a look at the Arafish's business holdings, to wit:

According to Jean-Claude Robard, a Swiss investment adviser, Arafat opened his first secret bank account in 1965 with a $50,000 check from the emir of Kuwait. Since then he has set up other accounts in Switzerland, Austria, Luxembourg and the Cayman Islands. Arafat also owns a number of hotels and holiday resorts in Spain, Italy, France, Switzerland, and Austria. He is the main shareholder in two cellular telephone companies operating in Tunisia and Algeria.

All that EU and arab money came rolling in and the Arafish built a personal business empire on misappropriated and/or laundered money. And the plight of the Paleos is in a desparate state and the UN needs more money? There is plenty of money. Ask the 'Fish for some, or grab the Red Folder and look up some assets, ass-hats.
Posted by: Alaska Paul   2004-11-01 10:37:41 AM  

#7  And he's out of Ramallah, AND out of the area. He might not find it so easy to return.
Posted by: mojo   2004-11-01 10:26:51 AM  

#6  as someone else (Fred?) here noted - teh mortality of Arafat has been made apparent, and allowed for the power grab ahead of his actual demise. Abbas is just the early bird (see picture above) going for the worm
Posted by: Frank G   2004-11-01 10:17:07 AM  

#5  that Abbas is willing to contest Arafats will is a very good sign that Arafat is really quite sick.

Either that, or Abbas is quite stupid.
Posted by: Liberalhawk   2004-11-01 10:09:56 AM  

#4  as Suha now finds: he who controls the dreaded Red Binder™ controls the money
Posted by: Frank G   2004-11-01 9:58:26 AM  

#3  I'm starting to think the best thing might be a relapse to death's door long enough for every one's true colors to come out followed by a quick recovery.
Posted by: Mrs. Davis   2004-11-01 9:37:49 AM  

#2  The controversy started last week when Suha, Arafat’s wife, asked Muhammad Rashid, Arafat’s confidant and adviser, to prepare a list of the ailing leader’s fortune.

Surprise, surprise, surprise! My bet would be that she would not be in favor of the “beit al-mal” option.
Posted by: tu3031   2004-11-01 9:05:19 AM  

#1  the fortune belongs to the “beit al-mal” (public treasury)
Well, that's where he stole it from, though it would be a shame to see it go back to the PLO. How about to the people (long as they're not terrorists).
Posted by: Spot   2004-11-01 6:48:26 AM  

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