Hamas police raids bank for $270,000, PA orders bank holiday

By ASSOCIATED PRESS, JPOST.COM STAFF
March 30, 2010 06:59

 
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GAZA CITY — Hamas police raided a Gaza bank and seized $270,000 on Monday. The funds had been frozen by the Palestinian Authority.

Hamas Interior Ministry spokesman Ehab Ghussein confirmed money was taken and said a court ruled the block on the funds was illegal.

The funds were intended for an association called Friends of the Sick, which has run a medical center in Gaza for over a decade.

The Palestinian Authority, which used to fund the group, froze the money after the organization elected a Hamas-dominated governing board in July 2009, the group said.

The Monetary Authority criticized the Hamas seizure and announced it was closing Gaza's banks on Tuesday.

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