Former Arafat advisor sentenced to 15 years in jail

PA court sentences Rashid for embezzlement, money laundering, making him most senior PA official sentenced for corruption.

June 10, 2012 05:43
1 minute read.
Deceased PLO chairman Yasser Arafat

Yasser Arafat 311. (photo credit: REUTERS)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Yasser Arafat’s former financial adviser Muhammad Rashid revealed over the weekend that Fatah has a secret bank account in Jordan containing $39 million.

Rashid said that the original sum was $44m., but that this dropped after the Fatah leadership spent $5m. on the faction’s sixth general conference held in Bethlehem in August 2009.

Be the first to know - Join our Facebook page.

Rashid, who was Arafat’s “moneyman” for many years, said he had all the necessary documents to prove the existence of the bank account.

He said that only Palestinian Authority President Mahmoud Abbas and two of his associates were authorized to deal with the secret account.

“According to my documents, $13m. came from the US, while the remaining sum came from friendly Arab countries,” Rashid said.

He challenged Abbas to deny the existence of the account, saying he would then reveal the identity of the two associates, the name of the bank and the Arab countries that deposited the money.

Rashid pointed out that Abbas had long been denying the existence of such a bank account for Fatah.

Rashid’s revelations are part of what Palestinians describe as a “dirty war” that has erupted between him and Abbas.

Last week, a PA court in Ramallah sentenced Rashid in absentia to 15 years in prison and a $15m. fine on charges of embezzlement of public funds and money-laundering.

The decision to prosecute the former Arafat adviser came after he appeared on the Saudiowned Al-Arabiya TV station and criticized the PA leadership.

Rashid has since threatened to expose corruption scandals involving Abbas and his two businessmen sons, Yasser and Tarek.

The Fatah central committee, a body dominated by Abbas loyalists, on Saturday launched a scathing attack on Rashid, who is a Kurd from Iraq, and dubbed him a “criminal” and “traitor.”

The committee said in a communiqué issued in Ramallah that Rashid was “playing a central role in a new conspiracy against President Abbas, who represents the will of the Palestinian people and who has become a symbol of steadfastness in the face of pressure and plots.”

Related Content

August 17, 2018
German Jewish council urges end of Iran-Germany trade