Monday, January 02, 2012

PLO members moving money from Jordan banks to foreign accounts

Jordan's Ad Dostour is reporting that there has been a large amount of money being transferred recently  by Palestinian Arab officials from Jordanian banks to foreign banks.

The paper reports that a major investigation into PA corruption has been postponed. The conjecture is that PLO and former PLO officials are scrambling to hide their embezzled money before the investigation starts up again. (Or maybe some of them were tipped off.)

There have been a number of resignations lately in the PA because of embezzlement.

Meanwhile, the PLO plans to create a special committee to figure out exactly where all of its assets are hidden. According to the article, most of the PLO's real estate holdings are still unaccounted for. They are assumed to be in Lebanon, Syria and Jordan.