Part of Arafat's Money found

It appears that the US goverment has found about half of the reported $8bn missing from the Palestinian Authority.DebkaFile is reporting that the US has run to ground part of Arafat’s secret business empire that sprawled far and wide, ranging from telecommunications companies in Brazil to Guinea Bissau’s national airline and a coffee plantation in Zimbabwe. And that Rice told Abu Mazen that he should take back control of Palestinian Investment Fund were large parts of these funds came from or else the PA would not get any more funds from the World the Bank.

Eighty percent of international donations accumulated over nearly a decade appear to have been invested for profit. A portion of the profits supported Arafat’s corrupt entourage of cronies, hangers-on and their life style. Not much was left over for creating jobs or building hospitals.

Link DebkaFile article