Billions of Dollars of Aid to Palestinian Authority Lost to Corruption

What a surprise!

Arafat squirreled away about $6 billion before his death.  He kept his wife and daughter in a Paris luxury hotel for decades while he was busy extorting the West and creating hell and havoc in the Middle East.

Now the Euro-weenies are surprised that his successors have stolen half as much?

From the Algemeiner:

Billions of dollars in international aid granted to the Palestinian Authority may have been squandered, lost to corruption, or misspent, a new report by the European Court of Auditors, the Luxembourg-based watchdog, revealed, The Sunday Times reported.

Roughly €2.3 Billion ($3.1 Billion) made its way from Europe to the Palestinian territories between 2008 and 2012, but much of it is unaccounted for, the report said.

According to The Sunday Times, which got an early glimpse of the report, “EU investigators who visited sites in Jerusalem, Gaza and the West Bank noted ‘significant shortcomings’ in the management of funds sent to Gaza and the West Bank.

“The auditors complained about the lack of measures to ‘mitigate’ high-level’ risks, such as ‘corruption or of funds not being used for their intended purpose,’” The Times said.

—oo—

Since they are only looking at Euro-weenie money, I wonder how much how much of ours got stolen.  

In the meantime, our seniors get a measly $17 a year Social Security increase next year.  BFD!  Cat-food prices have gone up more than that.

The Palestinian Authority must have been taking lessons from our Demmerhoids.

~ Hardnox

About Hardnox

Constitutional Conservative that Lefties love to hate.
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7 Responses to Billions of Dollars of Aid to Palestinian Authority Lost to Corruption

  1. Buck says:

    “… I wonder how much how much of ours got stolen.”

    All of it.
    From the American taxpayer.
    After that it doesn’t matter much.

  2. Clyde says:

    Got to agree with Buck. Palestinian Authority. United Nations. Same thing. Crooked as the day is long. Screw them all.

  3. The saddest part of all this is, the islamists feel that monetary aid and aid of any sort, is a form of “Jizya”, and is their right and their due, for the simple fact that they exist, and their ideology is to reign supreme over all the earth~! Mohammad said so~!

  4. Kathy says:

    This has been going on for years, and NOW they’re surprised the “funds not being used for their intended purpose,” What did they expect when they gave money to a bunch of hoodlums who have spent years at war and squatting in Israel?

  5. bullright says:

    There’s a shocker, uh? And where did the money go? We’ll never find out. I want to know about US aid too, . A while back EU discovered the aid in Africa was stolen by terrorists. Brits were Pissed Off. At least they are looking, I don’t see anyone in Washington looking. The aid that just got stolen in Syria is being ignored. But there were petitions to investigate aid to Israel. Go figure.