(Time) - A team of American accountants hired from Standard & Poor's by the reform-minded new Palestinian Finance Minister, Salam Fayyad, are combing through the many business interests of Arafat's Palestinian Authority, looking to uncover malfeasance. When they are done, according to an agreement Arafat signed in August under pressure from U.S. and European officials who threatened to cut aid, the Authority's investments will be given over to a fund administered by independent Palestinian businessmen, ending the one-man dominion Arafat has enjoyed over Palestinian funds for decades.
2002-11-14 00:00:00Full ArticleBACK Visit the Daily Alert Archive