Abbas: Betrayal Pays Well
Abbas amassed many millions in stolen wealth.
by Stephen Lendman
In 2003, Forbes magazine estimated Yasser Arafat's wealth at about $300 million. No verifying source was listed. Fatah was notoriously corrupt. It still is today.
Its finances are a black hole. Bribes, foreign aid, secret investments, hidden bank accounts, slush funds, and other ill-gotten gains define them.
Israeli intelligence estimated Arafat's net worth at $1.3 billion. US accountants conducted a PA authorized audit. They estimated about $1 billion.
Current appointed PA prime minister, Salam Fayyad, once served as Arafat's finance minister. He confirmed massive corruption, abuse, and impropriety.
Arafat's widow, Suha, got a $200,000 monthly allowance. Top Fatah officials cash in. Abbas benefits hugely.
Previous articles discussed his collaborationist history. He sold out at Oslo. He never looked back. Perhaps betraying his people began earlier. He's a world class scoundrel.
Edward Said once called him "moderately corrupt." Apparently, he didn't know the half of it. Reports suggest he amassed a huge fortune. He's super-rich.
As'ad AbuKhalil publishes "The Angry Arab" site. On November 14, he headlined "The personal fortune of Abbas." He cited YNet News.
It said he earns $1 million a month. Not bad, if true. Obama gets $400,000 a year. Inlight Press was cited. It said Abbas holds several Jordanian accounts. He's got over $500 million. It's mostly stolen Palestinian taxpayer money and other embezzled funds.
"The accounts are not under any national or international scrutiny."
"Recently, Abbas urged Moscow to supply him with a new advanced presidential jet worth $55 million despite the fact that he has a new Global Express speed jet bought for $53 million at his disposal. In addition he also uses a 504 Challenger jet."