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

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.