- Aug 20, 2000
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Arafat worth $2 billion, Israel says
JERUSALEM (AP) ? Palestinian President Yasser Arafat has amassed a personal fortune of about $2 billion, Israel's military intelligence chief has told a parliamentary committee.
The claim was dismissed today by Palestinian Authority officials as an Israeli attempt to discredit Arafat.
Palestinians in the West Bank and Gaza Strip live in increasingly deteriorating conditions, and Arafat has repeatedly made appeals for international aid.
Arafat lives frugally, but there have been reports in recent years that he has funnelled hundreds of millions of dollars into bank accounts overseas, with the help of his shadowy economic adviser, Khaled Salam. It has been suggested that Arafat would use the money if forced to flee the Palestinian areas.
In a report to international donors last year, Arafat acknowledged the existence of a multimillion-dollar slush fund. For years, Arafat directly controlled income from Palestinian Authority monopolies over cement and gasoline.
Wow, $2 billion. Why wouldn't he just retire as leader on the condition of safe passage out of the Middle East? Not sure what to think here...
JERUSALEM (AP) ? Palestinian President Yasser Arafat has amassed a personal fortune of about $2 billion, Israel's military intelligence chief has told a parliamentary committee.
The claim was dismissed today by Palestinian Authority officials as an Israeli attempt to discredit Arafat.
Palestinians in the West Bank and Gaza Strip live in increasingly deteriorating conditions, and Arafat has repeatedly made appeals for international aid.
Arafat lives frugally, but there have been reports in recent years that he has funnelled hundreds of millions of dollars into bank accounts overseas, with the help of his shadowy economic adviser, Khaled Salam. It has been suggested that Arafat would use the money if forced to flee the Palestinian areas.
In a report to international donors last year, Arafat acknowledged the existence of a multimillion-dollar slush fund. For years, Arafat directly controlled income from Palestinian Authority monopolies over cement and gasoline.
Wow, $2 billion. Why wouldn't he just retire as leader on the condition of safe passage out of the Middle East? Not sure what to think here...