French Prosecutors Investigating Money-Laundering by Yasser Arafat's Wife

French Prosecutors Investigating Money-Laundering by Yasser Arafat's Wife

Yasser Arafat
Source: Tibor Végh

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French prosecutors reveal that they had opened a money-laundering probe into the transfers of millions of dollars to accounts held by Suha Arafat, the wife of Palestinian leader Yasser Arafat. It had been discovered that nearly $1.27 million had been transferred with some regularity from Switzerland to Mrs. Arafat's accounts in Paris.

Chief auditor of the International Monetary Fund, Karim Nashashib, had already alleged that as much as $900 million has been diverted from accounts for the Palestinian Authority into personal accounts controlled by Yasser Arafat. Suha Arafat herself allegedly receives as much as $100,000 from the Palestinian Authority every month.

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