Arafat's legacy

Not political, but financial:

In the wake of Yasser Arafat's unstable condition, rumors have multiplied concerning funds that were previously under the Palestinian Authority chairman's control and which various elements in the PA are trying to locate. Reports have also abounded concerning a power struggle between Arafat's wife, Suha, and his financial adviser, Mohammed Rashid, who is in Paris.

A conservative estimate of the total sum held by Arafat in various places around the world is about $1 billion, and is largely based on monies that were clearly taken out of the territories and withdrawn from PA accounts between 1995 and 2000.

Posted by David on November 8, 2004 9:35 PM