Report: Arafat funneled $5mil. to personal account JPost - Leading German politicians are calling on the European Union to freeze its aid to the Palestinian Authority amid reports that PA chairman Yasser Arafat made multi-million-dollar transfers to a personal bank account abroad.
The allegations, substantiated by documents, were made this week by German public broadcaster ARD, which reported that Arafat had wired some $5.1 million to his personal account at the Arab Bank in Cairo in September 2001.
Following the disclosure, Armin Laschet, co-chair of the EU parliamentary committee that oversees aid to the Palestinians, told the Hamburger Abendblatt that the Palestinians had used the funds illegally. And, he conceded, the EU had committed "grave errors" in its funding of Arafat.
10:19:27 AM
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