Re: Will Israel survive?
Originally Posted by
Pumicestone
->
I'm sure Arafat was no saint.
Few leaders in his sort of position have not knocked off funds along the way.
Human greed and frailty, I guess.
Oh thats alrights then
knocking off fund ( Billions in aid is OK )?
er no its theft and corruption .
ALTHOUGH, a case has been made that
some substantial funds
were tucked away to genuinely protect them from political opponents and corrupt officials.
By whom?
sounds like a weak excuse to me
Time Magazine says
"In August 2002, international donors forced Arafat to sign over his investments to the Palestine Investment Fund, which was
audited by U.S. accountants and managed by Palestinian Finance Minister Salam Fayyad, a former
International Monetary Fund official.
After scouring corporations throughout the Arab world and bank accounts in the Cayman Islands and Luxembourg, the auditors identified $800 million, which has been made a part of the Palestinian Authority's official budget.
"
It's the most successful financial reform in the Arab world," says Jim Prince, president of the Los Angeles — based Democracy Council and head of the audit team."
Only $800 million - a mere bagatelle