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| Middle East |
| Arafat’s "investments" |
| 2003-10-02 |
| Original here. The next time you hear the Palestinians and their supporters bemoaning how Israel’s determination to defend itself against terror has "crippled" the Palestinian economy, consider a new report from the International Monetary Fund. The IMF recently disclosed that its own audit uncovered the fact that Palestinian Authority President Yasser Arafat between 1995 and 2000 diverted fully $591 million from the PA budget into a special bank account under his personal control. That’s nearly $100 million a year! Talking about hitting the lottery. According to the IMF’s Karim Nashashibi, the money - which came from tax revenues collected by Israel and turned over to Arafat - was used to invest in 69 domestic and foreign commercial companies, whose actual owners were not disclosed. |
| Posted by:Alex |
| #1 |
| Posted by: Frank G 2003-10-2 10:22:39 PM |