Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Kuwaiti Daily: Arafat Deposited $5.1 Million from U.S. Aid Funds into a Personal Bank Account
MEMRI ^ | June 14 2002

Posted on 06/14/2002 7:56:38 PM PDT by knighthawk

On June 7, 2002, the Kuwaiti Al-Watan daily published the following report: "Yesterday, Al-Watan received documents from private sources in the Cairo branch of an Arab bank showing that Yasser Arafat had deposited in his name $5.1 million into a personal account. According to sources, this is theft of Arab aid funds allocated to the Palestinians through an arrangement between Arafat and his Cairo office head Ramzi Khouri."

"The sources added that according to the documents, these funds were deposited in the personal accounts of President Arafat to cover some of the president's personal expenses, including the costs of his wife Suha and their daughter who live in Paris and Switzerland."

"The sources added that nobody knows of this theft, with the exception of some of Arafat's closest cronies, including his Cairo office head Ramzi Khouri and Khaled Slam, originally from Iraq, whose real name is Muhammad Rashid and who is one of Arafat's top 'and most influential' advisors."

"The sources added that some weeks ago Muhammad Rashid had bought, on Arafat's instructions, 14% of the shares of the Jordanian Cement Company for the PSCS(1) with funds received by Arafat from the Arab Gulf states, 'to increase the profits of Arafat's investments abroad,' in light of the increase in cement prices following increased demand due to the reconstruction of what the Israeli forces destroyed in their recent incursion into the West Bank cities."

"The sources added that the funds that reached the Palestinian Authority from Kuwait and the other Gulf states [meant] for the Committee for the Reconstruction of Hebron Homes, [which were to be distributed to residents of homes] destroyed by Israeli bulldozers during the Intifada, did not reach the people entitled to them. Rather, they were distributed to the PA leaders close to Arafat and to several top officials of the Fatah movement, headed by Arafat."

"The sources added that the citizens entitled to these funds appealed to the head of the committee, a Hebronite from the Al-Qawasmeh family, but received nothing."

"The sources added that most of the food aid sent to the PA was sold in Palestinian and Israeli markets without being distributed to the poor and needy, and the latter began to shout 'at the top of their lungs' that a popular committee must be established for aid distribution, since they had lost all faith in the PA and its apparatuses."

"Al-Watan adds to this news item photos of the documents received from its Cairo sources regarding the deposit of U.S. $5.1 million by Arafat into his personal account in the Arab Bank in Cairo."(2)

Endnotes:

(1) This refers to Palestine Commercial Services Company.
(2) Al-Watan (Kuwait), June 5, 2002, www.alwatan.com.kw/first.asp?id=75797


TOPICS: Israel; News/Current Events
KEYWORDS: arafat; bank; israel; pakleptocracy; pakleptocrasy; usaid
Navigation: use the links below to view more comments.
first 1-2021-28 next last

1 posted on 06/14/2002 7:56:38 PM PDT by knighthawk
[ Post Reply | Private Reply | View Replies]

To: dennisw; TopQuark; Alouette; OKCSubmariner; veronica; weikel; EU=4th Reich; BrooklynGOP...
Middle East list

If people want on or off this list, please let me know.

2 posted on 06/14/2002 7:57:17 PM PDT by knighthawk
[ Post Reply | Private Reply | To 1 | View Replies]

To: knighthawk
Will it make a difference that Arafat is proven a thief? He has to be running out of lives, no? We can only pray...for a good marksman.
3 posted on 06/14/2002 8:04:07 PM PDT by thegreatbeast
[ Post Reply | Private Reply | To 2 | View Replies]

To: knighthawk
Ah, his real occupation.Full time thief, and part time terrorist.
4 posted on 06/14/2002 8:07:04 PM PDT by habs4ever
[ Post Reply | Private Reply | To 1 | View Replies]

To: knighthawk
We've all know this for a very long time. It's interesting that the proof is starting to surface. Wonder how the "Arab Street" is going to feel knowing that their hard earned money is not going to help the Palestinian people but instead is going to Suha to purchase her new wardrobe in Paris?
5 posted on 06/14/2002 8:13:45 PM PDT by McGavin999
[ Post Reply | Private Reply | To 1 | View Replies]

SUPPORT FREE REPUBLIC

Donate Here By Secure Server

Or mail checks to
FreeRepublic , LLC
PO BOX 9771
FRESNO, CA 93794

or you can use

PayPal at Jimrob@psnw.com

Thank you Registered!
STOP BY AND BUMP THE FUNDRAISER THREAD

6 posted on 06/14/2002 8:14:09 PM PDT by Mo1
[ Post Reply | Private Reply | To 5 | View Replies]

To: knighthawk
"The sources added that the funds that reached the Palestinian Authority from Kuwait and the other Gulf states [meant] for the Committee for the Reconstruction of Hebron Homes, [which were to be distributed to residents of homes] destroyed by Israeli bulldozers during the Intifada, did not reach the people entitled to them. Rather, they were distributed to the PA leaders close to Arafat and to several top officials of the Fatah movement, headed by Arafat."

"The sources added that the citizens entitled to these funds appealed to the head of the committee, a Hebronite from the Al-Qawasmeh family, but received nothing."

"The sources added that most of the food aid sent to the PA was sold in Palestinian and Israeli markets without being distributed to the poor and needy, and the latter began to shout 'at the top of their lungs' that a popular committee must be established for aid distribution, since they had lost all faith in the PA and its apparatuses."

What a scumbag!
He learned from his hillbilly buddies, I think......





7 posted on 06/14/2002 8:20:40 PM PDT by MeekOneGOP
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeeknMing
If this story is true......why can't the US get the money back?
8 posted on 06/14/2002 8:32:48 PM PDT by mickie
[ Post Reply | Private Reply | To 7 | View Replies]

Comment #9 Removed by Moderator

To: knighthawk; dighton; Jeremiah Jr
"The sources added that some weeks ago Muhammad Rashid had bought, on Arafat's instructions, 14% of the shares of the Jordanian Cement Company for the PSCS(1) with funds received by Arafat from the Arab Gulf states, 'to increase the profits of Arafat's investments abroad,' in light of the increase in cement prices following increased demand due to the reconstruction of what the Israeli forces destroyed in their recent incursion into the West Bank cities."


"It's a Good Thing"

10 posted on 06/14/2002 8:59:25 PM PDT by Thinkin' Gal
[ Post Reply | Private Reply | To 1 | View Replies]

To: Thinkin' Gal
Martha also probably approves of the embezzlement (she's got troubles of her own with imclone or whatever)

(okay, I'm just kidding, I have no idea if she's even accused of anything)

11 posted on 06/14/2002 9:23:56 PM PDT by xm177e2
[ Post Reply | Private Reply | To 10 | View Replies]

To: knighthawk
Time for an info leaflet drop over the terrorist strongholds. Maybe they will hang him for us.
12 posted on 06/14/2002 9:26:18 PM PDT by doug from upland
[ Post Reply | Private Reply | To 1 | View Replies]

To: Thinkin' Gal
Hey Martha,

Start talking honey!

13 posted on 06/14/2002 10:24:35 PM PDT by zarf
[ Post Reply | Private Reply | To 10 | View Replies]

To: McGavin999
I don't think the Palestinian "Arab Street" will ever get to hear it. Its too convenient to blame their poverty on the Jews, even tho it was up to Arafat to build an infrastructure to support labor.
14 posted on 06/14/2002 10:55:47 PM PDT by brat
[ Post Reply | Private Reply | To 5 | View Replies]

To: knighthawk
Wow. I'm glad to see a Kuwaiti newspaper coming out with this kind of story. Does the fact that the Kuwaiti government controls the press lend the story any credibility, or is it just a way for the Kuwaiti government to send a message?
15 posted on 06/14/2002 11:06:01 PM PDT by monkeyshine
[ Post Reply | Private Reply | To 1 | View Replies]

To: McGavin999
Arafat incites other families to violence and devastation all around them, while his own family is safe, far away from the war and the land others are dying and supposedly fighting for. Only a grotesque perversion of decency would allow this arrangement to continue.
16 posted on 06/14/2002 11:12:48 PM PDT by monkeyshine
[ Post Reply | Private Reply | To 5 | View Replies]

To: McGavin999
We've all know this for a very long time. It's interesting that the proof is starting to surface

It is interesting, and coming from an Arab source in Cairo. "Time to go" message to Arafat from his buddies?

The noose seems to be getting a little tighter.

17 posted on 06/15/2002 1:44:29 AM PDT by Madame Dufarge
[ Post Reply | Private Reply | To 5 | View Replies]

To: knighthawk
And this is this fellow Colon Bowell hailed as the Palestinians "legitimate leader." He sure lives high on the hog even while immiserating his own people with war and terror.
18 posted on 06/15/2002 1:46:05 AM PDT by goldstategop
[ Post Reply | Private Reply | To 1 | View Replies]

To: mickie
If this story is true......why can't the US get the money back?

I double-checked the story and it looks like this is Arab supplied $$$s.
No mention of US aid (although it could have been?):

........this is theft of Arab aid funds allocated to the Palestinians through
an arrangement between Arafat and his Cairo office head Ramzi Khouri."

In any case, it just illustrates once again that he is NOT capable of being a
responsible head of any proposed Palestinian State, imho............

19 posted on 06/15/2002 4:14:30 AM PDT by MeekOneGOP
[ Post Reply | Private Reply | To 8 | View Replies]

To: xm177e2
(okay, I'm just kidding, I have no idea if she's even accused of anything)

I accuse her of being on every g**damned tv channel I turn on to watch cooking shows.

Lord, if I never see that simpleton grin of hers again it will be too soon.

20 posted on 06/15/2002 4:35:56 AM PDT by JimVT
[ Post Reply | Private Reply | To 11 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-28 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson