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Wednesday, November 24, 2004

PLO investment in Canada

The Advertiser cites Austrian business magazine Format in reporting a portion of Yasser Arafat's dubious fortune has been channelled through a Canadian pharmaceutical company (via Belmont Club).

Quoting a Central Intelligence Agency report, it said yesterday the CIA had conducted inquiries after receiving information that a holding company of the Palestinian Liberation Organisation had invested $11.6 million in a small pharmaceutical company in the Canadian town of Belleville, Ontario.

Format said investigators had "stepped on an anthill" when they uncovered the stake held by the Palestinian Commercial Service Corporation in Bioniche Life Sciences.

Posted by Ghost of a flea on November 24, 2004 | Permalink


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