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Palestinian Authority accuses Egyptian businessman of seizing $1.4 billion in funds

The head of the anti-corruption agency at the Palestinian Authority Rafik Al-Natsha demanded Egyptian business tycoon Naguib Sawiris to reveal the destiny of $1.4 billion he seized from the Palestinian Investment Fund.

In a press conference Wednesday, Al-Natsha said "Sawiris should inform the Palestinian Authority about the entity to which he transferred $1.4 billion due to the PA's, since we have not received this money yet."

Sawiris said in a recent interview that the Palestinian Investment Fund invested with him $240 million in cash, and that the amount increased after two and a half years to $4.1 billion.

"If what he said was true, where did he deliver that amount?" Al-Natsha asked.

AfricaEgyptMiddle EastNewsPalestine
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