Corruption in Islam
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Editorial - The New York Post - October 2, 2003
The next time you hear the Palestinians and their supporters bemoaning how
Israel's determination to defend itself against terror has "crippled" the
Palestinian economy, consider a new report from the International Monetary
Fund.The IMF recently disclosed that its own audit uncovered the fact that
Palestinian Authority President Yasser Arafat between 1995 and 2000 diverted
fully $591 million from the PA budget into a special bank account under his
personal control.That's nearly $100 million a year!
Talking about hitting the lottery.
According to the IMF's Karim Nashashibi, the money - which came from tax
revenues collected by Israel and turned over to Arafat - was used to invest
in 69 domestic and foreign commercial companies, whose actual owners were
not disclosed.(Arafat's investments, by the way, returned a profit of $300 million. Not
bad for a Marxist revolutionary.)This at a time when, as one member of the Palestinian Legislative Council
complains, "the Palestinian people are starving and the universities are
bankrupt."But while Arafat has never used such funds for a personally luxurious
lifestyle, neither has he allowed them to be used as originally intended -
to create a viable Palestinian social-welfare infrastructure.Indeed, Arafat has long allowed Hamas to build and maintain such
institutions - which are then used as recruiting stations for suicide
bombers and other terrorist murderers.Actually, the IMF report is hardly surprising - it merely confirms what has
long been known about the corrupt nature of Arafat's would-be state.Back in 1998, a European Union audit disclosed that $20 million in Egyptian
funds meant to build low-income housing was instead turned into a luxury
apartment complex that was given over to top PA officials and Arafat
acolytes.Last year, a former Arafat treasurer charged that Arafat had taken more than
a half-billion dollars in international aid and transferred it to his
personal accounts; an Israeli intelligence report estimated Arafat's assets
at $1.3 billion spread across the world.Forbes magazine, in a more conservative estimate, placed Arafat's net worth
at $300 million, making him one of the richest world leaders.In fact, Arafat is little more than a greedy vulture preying on his own
people.Every industry in the PA is a monopoly controlled by Arafat henchman; these
concerns, 27 in all, set inflated prices for the average Palestinian and
require kickbacks from anyone looking to do business in the West Bank and
Gaza.Little wonder, then, that prices for basic consumer goods in
Arafat-controlled territories have quickly tripled and small-business owners
have found it impossible to operate.The IMF pronounced itself "concerned" by its auditors' report and has asked
the Palestinian Authority for an explanation.But the G7, meeting last week in Dubai, called on world nations to "increase
and accelerate their assistance provided to the Palestinian Authority."Yet with the PA totally under Arafat's thumb - following his successful
ouster of Prime Minister Mahmoud Abbas - that would do little more than pump
billions more into a cesspool of corruption.Enough, already.
Bush makes more lol