(Jerusalem Post) Khaled Abu Toameh - PA Finance Minister Salam Fayyad has revealed that files and documents detailing revenues from oil products of the PA's Petroleum Authority have disappeared under mysterious circumstances from his ministry. At a special session of the Palestinian Legislative Council in Gaza City on Tuesday, several legislators queried the finance minister about the embezzlement of hundreds of millions of dollars from the Petroleum Authority and the pocketing of $11m from the International Bank of Palestine. An initial investigation showed that much of the profits from the revenues of oil products had been deposited into a bank account under Arafat's name. Nablus legislator Mu'awyah al-Masri noted that "millions, if not billions, of dollars of the Petroleum Authority money have gone missing over the past few years."
2003-12-03 00:00:00Full ArticleBACK Visit the Daily Alert Archive