Arafat & 11 Million Dollars

French prosecutors are looking into alleged multi-million dollar transfers into the bank accounts of the wife of Palestinian leader Yasser Arafat.

Officials have confirmed reports of an inquiry into the financial transactions of Paris-based Suha Arafat.

They acted after the Bank of France alerted them to transfers of nine million euros ($11.5m) from Switzerland to two of Mrs Arafat's accounts.

news.bbc.co.uk...


This is pretty disturbing news for anyone connected with funding the Palestinians. There have long been accusations of corruption against Arafat and this seems to be pretty damning. Arafat is thought to have salted away between $US300 million and $US1.3 billion in bank accounts worldwide by allegedly plundering aid money sent to prop up the battered West Bank and Gaza economy. The IMF has already accused him of diverting $900 million in public funds into his own bank account.

With poverty in Palestine always top of the UN agenda it's pretty disgraceful that the figurehead for freedom is squirreling away cash in overseas bank accounts.
The question is whether the money was embezzled or wether it was donated to Arafat personally. Either way, it looks like a very shady transaction.

en.wikipedia.org...

Mrs Arafat recieves a stipend of $100,000 a month!!! I wonder how many other Palestinian women have a bank account let alone access to such wealth?

"....embezzled or wether it was donated...."

Combination of both....literally called STEALING.

"EU REPORT:ARAFAT DIVERTED EU FUNDS FOR TERROR OPERATIONS"
www.imra.org.il...

Excerpt:

"The documents include letters signed by Arafat ordering payments to eleven
terrorist leaders for guerilla operations. In addition, there are receipts
for the payments of the mortgages of the families of Hamas suicide bombers,
as well as a cash awards of several thousand dollars to the family
members. Other documents detail how European funds were used by the PA's
Preventative Security Forces to stage "spontaneous" demonstrations.....

Following the signing of the Oslo Accords, the EU pledged to provide funding to the PA for civilian projects, primarily to pay the salaries of the PA's
municipal workers. The EU donates approximately $10 million a month and more than $1.5 billion to the PA since 1994. The plaintiffs allege that the EU failed to undertake any steps to monitor or scrutinize how the PA was utilizing the donated money."

"ARAFAT CORRUPTION SPURS AID CUT$"
www.nypost.com...




A informative summary on Arafat's "money":
"One Man Bank"
www.frontpagemag.com...




regards
seekerof