Wednesday, November 16, 2011

How much money was awarded to Yasser Arafat when he won the Nobel Peace Prize?

I am writing a paper about why Yasser Arafat did not deserve the Nobel Prize and this information would be helpful.|||He won it in 1994 together with Shimon Peres and Yitzhak Rabin .Arafat was said to have been poisoned by Israels Mossad and Rabin assassinated both for their support of a peace plan. Peres escaped this end due to his support in the IDF. Does it matter how much each recieved if you don't live long enough to spend it .?|||Geez Michael that's a new low for you. You're off your game. The unsupported rumours about Arafat being assassinated by Mossad are typical Palestinian propaganda.





From wikipedia (directly quoted, unedited by me, with the source listed below):


"In 2003, a team of American accountants鈥揾ired by Arafat's own finance ministry鈥揵egan examining Arafat's finances; this team reached a different conclusion. The team claimed that part of the Palestinian leader's wealth was in a secret portfolio worth close to $1 billion, with investments in companies like a Coca-Cola bottling plant in Ramallah, a Tunisian cell phone company and venture capital funds in the US and the Cayman Islands. The head of the investigation stated that "although the money for the portfolio came from public funds like Palestinian taxes, virtually none of it was used for the Palestinian people; it was all controlled by Arafat. And none of these dealings were made public."[106]





An investigation conducted by the General Accounting Office reported that Arafat and the PLO held over $10 billion in assets even at the time when he was publicly claiming bankruptcy.[107]





Although Arafat lived a modest lifestyle, Dennis Ross, former Middle East negotiator for Presidents George H.W. Bush and Bill Clinton, stated that Arafat's "walking-around money" financed a vast patronage system known as neopatrimonialism. According to Salam Fayyad鈥攁 former World Bank official whom Arafat appointed Finance Minister of the PNA in 2002鈥擜rafat's commodity monopolies could accurately be seen as gouging his own people, "especially in Gaza which is poorer, which is something that is totally unacceptable and immoral." Fayyad claims that Arafat used $20 million from public funds to pay the leadership of the PNA security forces (the Preventive Security Service) alone.[106]





Fuad Shubaki, former financial aide to Arafat, told the Israeli security service Shin Bet that Arafat used several million dollars of aid money to buy weapons and support militant groups.[108] During Israel's Operation Defensive Shield, the Israel army recovered counterfeit money and documents from Arafat's Ramallah headquarters. The documents showed that, in 2001, Arafat personally approved payments to Tanzim terrorists.[109] The Palestinians claimed that the counterfeit money was confiscated from criminal elements.[110]|||I think it is around $25,000, which is ironic, since he had millions when he died.

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