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Scandal Erupts Over Secret Arafat Funds

URL: http://www.jewishjournal.com/world/article/scandal_erupts_over_secret_arafat_funds_20021213

Those inclined to look on the bright side might say that Israeli-Palestinian cooperation is alive and kicking: Israelis and Palestinians allegedly joined ranks to make big money, until one of them woke up with a bad conscience. The joint venture in question began in February 1997, when Palestinian Authority President Yasser Arafat transferred official Palestinian Authority funds from the Arab Bank in Ramallah to private accounts in Swiss banks. The money was Palestinian, mostly customs and levies on products imported into the Palestinian Authority via Israel.

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