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Arafatâs "investments"
Original here.The next time you hear the Palestinians and their supporters bemoaning how Israelâs 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. Thatâs nearly $100 million a year! Talking about hitting the lottery. According to the IMFâs 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 2003-10-02 |
| http://www.rantburg.com/poparticle.php?ID=19399 |