ARAFAT SOCKING AWAY BILLIONS
Hackers have cracked the computer system of PLO headquarters in Tunisia, only to find that 'Yasser Arafat has salted away billions of pounds (sterling) for the Palestinian Liberation Organization in secret foreign bank accounts and investments.' So reports the London Sunday Telegraph today.
The article writes that the hackers discovered that the PLO maintains about £5 billion in bank accounts in Zurich, Geneva and New York, along with accounts containing smaller sums in North Africa, Europe and Asia.
In addition, the records reportedly show that the PLO owns shares on the Frankfurt, Paris and Tokyo stock exchanges, including stock in Mercedes Benz, and property in prestigious areas of European capitals. The paper claims that the reports 'are likely to prompt international donors to ask why Mr. Arafat is still demanding aid for his Palestinian Authority.' (The London Sunday Telegraph, December 5, 1999)
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