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Vesayen
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From correspondents in Dubai, United Arab Emirates
September 21, 2003
AN audit of the Palestinian Authority revealed that President Yasser Arafat had diverted $US900 million ($A1.35 billion) in public funds to a special bank account he controlled and most of the money was later invested in Palestinian assets, an International Monetary Fund official said today.
http://news.com.au/common/story_pag...55E1702,00.html
Before you scream this is the international Jewish conspiracy or "biased media/organization" etc-as EVERY pro-palestinian person seems to scream, THE IMF IS AN ORGANIZATION RUN BY THE U.N. ITSELF(who always seems to side with the arab world in regards to Israel) so dont scream bias and that the article is invented.
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Vesayen
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This is an enormeous news story with tremendous implications.... how has it NOT gotten a response by now?
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Vesayen
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[Sarcasm] Well the grand zionist conspiracy controlls the media so they were all untrue,[/Sarcasm] but now the U.N. says it is true so........
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Zulu Elephant
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quote:
most of the money was later invested in Palestinian assets |
Im not sure I understand this. What is a "Palestinian asset"
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Vesayen
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quote:
Originally posted by Sirotnikov
Hmm...
So you all just ignore this, and still think that Israel is wrong to want Arafat removed? |
Which was my point exactly.
quote:
Originally posted by chegitz guevara
Until the Palestinian people want him gone, your meddling will only make things worse. |
No one knows what the hell the Palestinian people want because they are ruled by corrupt despots and anyone who shows any desent is threatened or killed.
How many dozen CNN articles do you want me to drum up on threatening, beating or killing of political descenters from amoung the palestinians?
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Zevico
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Melbourne
Apr 2002
time: 15:30
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Chegitz, when Abu Mazen said things against Arafat a while a go (couple of years I think), warning shots were fired outside of his home. People are killed during their trial by "Al Aqsa Brigades" (ie. Fatah) gunman for 'collabarating with the Israeli enemy'.
Explain to me how these are examples of freedom of dissent allowed by the PA/Arafat.
(I could bring up other examples, but these are off the top of my head).
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Vesayen
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quote:
Originally posted by Zevico
Chegitz, when Abu Mazen said things against Arafat a while a go (couple of years I think), warning shots were fired outside of his home. People are killed during their trial by "Al Aqsa Brigades" (ie. Fatah) gunman for 'collabarating with the Israeli enemy'.
Explain to me how these are examples of freedom of dissent allowed by the PA/Arafat.
(I could bring up other examples, but these are off the top of my head). |
Abu Mazen also got death threats from Hammas, i.e. Yassir Arafat as well.
There is no allowance for political descent amoung the palestinians-the PLO leadership is a worse enemy for the palestinian people then israel.
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HershOstropoler
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So PA budgeting has been a mess from 1995-2000, and Arafat is likely corrupt. And this is news... how?
Let's look at what the IMF officials said too:
quote:
QUESTION: Mr. Nashashibi, you mentioned more or less in passing that you discovered that some US$900 million over five years had been diverted from the budget to an account, if I understood you correctly, personally controlled by Yasser Arafat. Can you indicate whether there's anything very unusual in this? And are you leaving open the possibility that some of that money has been, let's say, misused?
MR. NASHASHIBI: No, this money was basically, as I said, in a special account. Most of it has been used to invest in Palestinian assets, both internally and abroad. One of the things that the reform process has done is they have tallied all the Palestinian assets by international auditors. It turns out that the PA was involved in 69 commercial activities, both at home and abroad. The tally of this current level of asset is around US$700 million in terms of at today's market prices, which probably in '99 were US$900 million.
So I would say that the large majority of this money has been invested in assets that today are still within the public domain. So I think at least there is a follow-up, there is disclosure. The Palestinian Investment Fund has been set up to manage these assets, and to privatize these operations. I think the objective of the PA is to get out of all these commercial activities. |
quote:
Turning to, Karim mentioned also the reform program, and the reforms in the fiscal area have been very, very impressive. And they're focused on, amongst other things, on improving the transparency of the whole budget process. And I think it's fair to say that, as a result of these reforms, the level of transparency and probity in the fiscal process of the Palestinian Authority is probably the equal of the best in the region. They've made major progress in that area. |
http://www.imf.org/external/np/tr/2003/tr030920.htm
Of course, accounting problems and diversion of funds in governments is a crime worthy of deportation and death. That's an excellent idea to get rid of all governments, everywhere.
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HershOstropoler
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I'm not a liberal in the degenerated american use of the word. And I'm not defending Arafat. It is just ludicrous to have a corrupt monkey like Sharon and a special interest whore like Bush mounting the high horse to condemn Arafat on corruption.
"Corruption is to be ignored so long as the corrupt dictator or government is anti-US or anti-Israel. Right?"
Nope, ignoring pro-US corrupt dictators is US policy. Like your beloved Saudis.
As for my view, Chirac is a rotten idiot who should go straigtht to prison from the Elyssee too, if that makes you feel any better.
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- Groucho -
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I don't get it. Everyone seems to be jumping to the conclusion that he stuck the money in his pocket. The guy in the interview seemed to be saying that their accounting oversight sucked and they didn't have any checks on how Arafat spent the money - but it doesn't show that he enriched himself with it. Is there some fact I'm missing? I confess to having read this stuff quickly.
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21-09-2003 01:56
Stop sucking Israel's ****.
) has been allowed to suggest that the Palestinian Authority has to take real action to stop Hamas or Islamic Jihad or Hesbollah?
He probably looks like Blair...
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