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CIA finds Arafat's $1.9bn fortune
The Advertiser ^ | November 22, 2004 | Peter Anav in Jerusalem

Posted on 11/24/2004 11:28:32 AM PST by El Oviedo

THE late Palestinian leader Yasser Arafat controlled a network of companies, investments and bank accounts with a value totalling at least $1.9 billion, according to the Austrian business magazine Format.

Quoting a Central Intelligence Agency report, it said yesterday the CIA had conducted inquiries after receiving information that a holding company of the Palestinian Liberation Organisation had invested $11.6 million in a small pharmaceutical company in the Canadian town of Belleville, Ontario.

Format said investigators had "stepped on an anthill" when they uncovered the stake held by the Palestinian Commercial Service Corporation in Bioniche Life Sciences.

They uncovered a whole network of PLO funds such as Chalcedony, Onyx, Evergreen, SilverHaze and Avmax International, the latter based on the Caribbean island Aruba.

(Excerpt) Read more at theadvertiser.news.com.au ...


TOPICS: News/Current Events
KEYWORDS: arafat; arafatmoney; cia
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This is amazing how fast the CIA where the money is hidden.

I wonder if they have a clue where bin Laden is now. Hopefully whey will have the luck to find the guy before 2008.

I am crossing my fingers.

1 posted on 11/24/2004 11:28:33 AM PST by El Oviedo
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To: El Oviedo

They should take it all and give it to Israel for all those terrorist attacks committed by Arafat and the PLO. Oh, yeah, and give some to the American victims of the PLO terrorist attacks from through the years.


2 posted on 11/24/2004 11:32:08 AM PST by shellshocked
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To: El Oviedo

Chances are only 15% OBL will be captured by the end of next March, according to betting at Tradesports:
https://www.tradesports.com/jsp/intrade/contractSearch/
Of course, if you think his capture will be a 2004 Christmas surprise and you are right, you can turn a $7 bet into $100 by the end of the year...


3 posted on 11/24/2004 11:33:21 AM PST by DrC
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To: El Oviedo

Give it to Israel to help pay for the fence.


4 posted on 11/24/2004 11:33:53 AM PST by inkling
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To: El Oviedo

Now the media can report they didn't find it.


5 posted on 11/24/2004 11:34:40 AM PST by nickcarraway
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To: El Oviedo

Didn't you hear? The Republicans know where bin Laden is and in October they will . . . oh, nevermind.


6 posted on 11/24/2004 11:36:24 AM PST by Andyman
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To: nw_arizona_granny

>>>>Quoting a Central Intelligence Agency report, it said yesterday the CIA had conducted inquiries after receiving information that a holding company of the Palestinian Liberation Organisation had invested $11.6 million in a small pharmaceutical company in the Canadian town of Belleville, Ontario.

And we are back to Pharm, Canada, script drugs.

Amazing full circle.


7 posted on 11/24/2004 11:37:54 AM PST by Calpernia (Breederville.com)
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To: El Oviedo

Was part of it in the DNC treasury?


8 posted on 11/24/2004 11:38:21 AM PST by JesseHousman
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To: El Oviedo

Since they have found these Billions that we already gave the Gangster, Bush does not have to give them the 20 MIL he was going to give them. I'm sick of giving these these ignorant A$$eS my tax money do that they can live high off of the HOG!! Spend that money some PORK here at home!!


9 posted on 11/24/2004 11:39:26 AM PST by 26lemoncharlie (Defending America)
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To: El Oviedo

Bush's man in the driver's seat barely long enough to get it warm, and already, the wrecked CIA machine is running like it is fresh off the showroom floor.

I love the smell of Compentence in the morning.


10 posted on 11/24/2004 11:41:15 AM PST by F.J. Mitchell (If you were still in the womb, would you trust your life to Specter?????)
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To: El Oviedo
Bioniche's research is in oncology and infectious diseases.

Discovery research at Bioniche focuses primarily on three areas of medicine where there is a strong need for safer, more efficacious therapies: oncology, inflammation, and infectious diseases. Pre-clinical research and formulation research is conducted in the company's facilities located within the Bioniche Therapeutics Research Centre at the NRC Biotechnology Research Institute in Montreal, Quebec.

I wonder what the rest of Arafat's portfolio looks like.

11 posted on 11/24/2004 11:44:10 AM PST by wretchard
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To: El Oviedo

Interesting...what kinds of drugs are they making exactly?


12 posted on 11/24/2004 11:44:34 AM PST by Fitzcarraldo
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To: El Oviedo

Wow; that wife of his is crying now for sure.


13 posted on 11/24/2004 11:46:11 AM PST by SF Republican
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To: shellshocked

They should take it to pay their salaries and Goss ought to tell them any terrorist money or terrorists with a price on their head goes towards paying CIA salaries, otherwise the welfare office is down the street.


14 posted on 11/24/2004 11:46:36 AM PST by matchwood
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To: El Oviedo
"stepped on an anthill"

More like a nest of cockroaches

15 posted on 11/24/2004 11:48:44 AM PST by Popman (Democrat Party Political Values are Condescension, Hypocrisy, Bigotry)
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To: El Oviedo

I wonder if the Palastinians are smart enough to show this news to their people after a few months have passed... telling them that Arafat was stealing THEIR money and funding his wife's luxury lifestyle in France. That using terror to get what they wanted as a state, was really Arafat's way to just get more money. They have a chance at a real move forward but their are going to have to get over the idea the Israel is the enemy... it was Arafat all along.


16 posted on 11/24/2004 11:51:55 AM PST by BillyCrockett
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To: El Oviedo

Can't we hurry through that $20 million in US government contributions to the PA? There are people starving out there!


17 posted on 11/24/2004 11:52:35 AM PST by Piranha
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To: F.J. Mitchell

#10...encouraging words!


18 posted on 11/24/2004 11:54:28 AM PST by Guenevere
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To: BillyCrockett

He left his wife in France to spend money, and he was happy to be in an outpost surrounded by young, enthusiastic Palestinian boys? Gee, what did HE get out of the deal?


19 posted on 11/24/2004 11:55:15 AM PST by jdsteel
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To: El Oviedo

The NSA knew before the CIA.


20 posted on 11/24/2004 11:56:22 AM PST by bmwcyle (I wear sleepwear therefore I think (When they are off I am single minded))
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