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Abbas: Betrayal Pays Well

By       Message Stephen Lendman       (Page 1 of 8 pages)     Permalink    (# of views)   1 comment

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Abbas: Betrayal Pays Well


Abbas amassed many millions in stolen wealth.

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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. 

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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. 

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Arafat's widow, Suha, got a $200,000 monthly allowance. Top Fatah officials cash in. Abbas benefits hugely.

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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