His sons, Tarek and Yasser, profit handsomely from all PA projects. "This explains why (he) tried to promote a Dead Sea tourism project funded by Gulf states. It is claimed that his sons won contracts for more than $250 million."
On May 18, 2012, Gatestone Institute International Policy Council headlined "How Much is Mahmoud Abbas Worth? Try $100 Million."
Mohammed Rashid was Arafat's financial advisor and trusted aide. He handled hundreds of millions of dollars donated by Washington, EU nations, and regional states.
He cashed in like other Fatah officials. On May 17, Haaretz ran a AP story headlined "Arafat aide accused of embezzlement."
He's sought for allegedly stealing millions of dollars of public funds. He's suspected of transferring them from the Palestinian Investment Fund (PIF) into fake companies.
PA Anti-Corruption Commission head Rafik Natsheh accused him of embezzlement. He's investigating 85 other PA members. Corruption allegations forced two cabinet ministers to resign.
One observer called the commission's work secretive. It's impossible to know what goes on. At the same time, it selectively decides who to investigate and where to keep hands off. Operating this way destroys all credibility.
Rashid denied all charges. He threatened to expose Abbas corruption. He calls him the "Sultan of Ramallah." He's thin-skinned, vengeful, and tolerates no opposition.
He said he "made a huge mistake and must suffer the consequences."
After Arafat's November 2004 death, Rashid left Palestine. His whereabouts aren't known. He's been "moving between countries."
An arrest warrant was issued. PA officials asked several countries to extradite him. They requested his assets be frozen. Interpol was asked for help. International donors expressed concern about huge sums gone missing.
In early June, a Ramallah anti-graft court convicted Rashid in absentia. He and two others were sentenced to 15 years imprisonment. They were ordered to return 33.5 million euros in stolen funds.
Throughout much of Arafat's rule, rampant corruption allegations surfaced often. He and many other Fatah officials were suspected for good reason.
Funds to help Palestine went into private coffers. Rashid apparently cashed in like others. He handled PA finances. He knows where the bodies are buried.
Abbas accused him of stealing hundreds of millions of dollars. He said Abbas embezzled $100 million. Perhaps he knows less than he thinks or isn't telling all he knows.
He said Fatah has a secret Jordanian bank account containing about $40 million. Millions of US donations are included. An unnamed source said Abbas instructed his General Intelligence Service to find Rashid and kill him.