web analytics
March 6, 2015 / 15 Adar , 5775
At a Glance
InDepth
Sponsored Post


Khaled Abu Toameh: How Much Is Mahmoud Abbas Worth?


Abbas is waiting for the end of John Kerry's nine-month exercise in futility to start another exercise in futility.

Abbas is waiting for the end of John Kerry's nine-month exercise in futility to start another exercise in futility.
Photo Credit: Yossi Zamir / Flash90

The Palestinian Authority in the West Bank has just discovered what every Palestinian child knows — that hundreds of millions of dollars had been embezzled during the era of Yasser Arafat.

The “discovery”, however, was not the result of a thorough and long investigation ordered by Palestinian leaders in Ramallah with the hope of restoring public funds.

Instead, it came after one of Arafat’s most trusted aides, Mohammed Rashid, threatened to expose corruption scandals in the Palestinian Authority.

For many years, Rashid served as Arafat’s financial advisor and was given a free hand to handle hundreds of millions of dollars that were poured on the Palestinian Authority and the PLO by US, EU, and Arab donors.

A former journalist who used to earn less than $1,000 a month by working for a PLO newspaper, Rashid is now considered one of the wealthiest Palestinians anywhere. Palestinian Authority officials have estimated his fortune at more than half a billion dollars.

Rashid left the Palestinian territories almost immediately after his boss, Arafat, died in late 2004. Since then, the Palestinian Authority has done almost nothing to bring him to trial or return at least some of the missing funds.

This week, however, the Palestinian Authority finally woke up and remembered that Rashid was suspected of embezzling hundreds of millions of dollars.

The Palestinian Authority’s Anti-Corruption Commission in Ramallah announced that it has issued an arrest warrant against the former Arafat advisor and asked Interpol for help in bringing him to trial.

The announcement came a day after Rashid appeared on a Saudi-owned TV station and threatened to expose corruption scandals in the Palestinian Authority leadership.

Palestinian leaders in Ramallah, including President Mahmoud Abbas, are deeply concerned that Rashid’s revelations could seriously embarrass them and expose their role in the embezzlement of public funds.

They are also worried that Rashid’s revelations could prompt some Americans and Europeans to reconsider their decision to pour millions of dollars into the Palestinian Authority’s coffers.

Rashid, after all, was not a junior official in the Palestinian Authority. He was an insider, someone who was very close to Arafat and probably the only official who knows where hundreds of millions of dollars ended up.

The Palestinian Authority’s decision to issue an arrest warrant against him does not seem to worry Rashid, who this week demanded a probe into Abbas’s personal fortune, which he estimated at more than $100 million.

So Abbas is saying that Rashid stole hundreds of millions of dollars, while Rashid is accusing the president of embezzling “only” $100 million. This is happening at a time when international donors are continuing to channel more funds every month to the Palestinian Authority, often without holding its leaders accountable or demanding to know how the money is being spent.

What is needed is an independent commission of inquiry to restore the public funds belonging to the Palestinian people. The Palestinians have many Mohammed Rashids who turned into wealthy businessmen during the peace process with Israel — thanks to the naivety of Americans and Europeans.

Originally published by http://www.gatestoneinstitute.org

About the Author: Khaled Abu Toameh, an Arab Muslim, is a veteran award-winning journalist who has been covering Palestinian affairs for nearly three decades.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Khaled Abu Toameh: How Much Is Mahmoud Abbas Worth?”

Comments are closed.

Current Top Story
Israeli Prime Minister Benjamin Netanyahu addresses a joint meeting of Congress on Capitol Hill in Washington D.C., the United States, calling for rejection of a bad nuclear deal with Iran, on March 03, 2015.
Post-Bibi Bipartisanship May Result in Congressional Ability to Review Iran Deal
Latest Indepth Stories
Ron Prosor

Values at the very heart of the UN are threatened by extremist ideologies targeting our way of life

Ayatollah Ali Khamenei

Anti-Semitism today focuses on Israel and the quest to delegitimize it.

Ballots for elections "made in Samaria."

Any Jew who ties his fate to Israel should be able to vote in Israel’s elections-even before aliyah

A young Moshe Meir Weiss introduces his mother, Mrs. Agnes Weiss Goldman, to Rav Moshe in 1979.

There were no airs about him. Rav Moshe was affectionately known as the Gaon of Normalcy.

Israel’s full sovereignty over a united Jerusalem is the only path for true peace in the region.

Just like Moses and Aaron, Mordechai decides to ruin the party…

The president has made clear – I can’t state this more firmly – the policy is Iran will not get a nuclear weapon.

Obama has an apparent inability to understand Islam in particular and Mid-East culture in general

Pesach is a Torah-based holiday whose fundamental observances are rooted in Torah law; Purim is a rabbinic holiday whose laws and customs are grounded in the rabbinic tradition.

In honor of Prime Minister Netanyahu’s successful speech before Congress.

Mr. Spock conveys a message with painfully stark relevance to our world today, especially in the context of PM Netanyahu’s speech to Congress.

Obama created the “partisan politics” by asking Dem. party members to avoid Bibi and his address

Enough is enough. The Jewish community has a big tent, but the NIF should have no place in it.

I vote for the right and get left-wing policy. Every. Frigging. Time.

More Articles from Khaled Abu Toameh
This masked "soldier" carrying a machine-gun is not part of a terrorist organization, according to the European Court of Justice.

Hamas is continuing to prepare its next war against Israel instead of improving conditions in Gaza

Kfar Kana Riots

Riot started when Muslim students wore the Pal. kaffiyeh and Druze students demanded them removed

Kerry and Obama must start listening to what Palestinian leaders are telling their people in Arabic.

Adult activists who send and encourage children to take part in violence should be held accountable.

To flee Gaza, Palestinian migrants reputedly paid $1000s to Hamas officials and Egyptian smugglers.

Fatah: Hamas stole relief aid for Gaza and distributed it amongst its followers in mosques.

Arab leaders who want the US to stop Islamic State are afraid of being dubbed traitors and US agents

Hamas and Islamic Jihad are actually fighting to “liberate Jerusalem and all Palestine.”

Printed from: http://www.jewishpress.com/indepth/analysis/khaled-abu-toameh-how-much-is-mahmoud-abbas-worth/2012/05/20/

Scan this QR code to visit this page online: