FRIDAY, FEBRUARY 13, 2004
Money-laundering probe against Arafat's wife
AP
PARIS : French prosecutors have launched a money-laundering probe into suspected million-dollar transfers to accounts held by the wife of Palestinian leader Yasser Arafat, judicial officials said on Wednesday.
The Bank of France approached the Paris prosecutor's office after discovering that nearly $1.27 million were allegedly being transferred each month from Switzerland to Suha Arafat's accounts in Paris , where she lives, said the judicial officials.
The prosecutor's office opened a preliminary investigation in October, said the officials. Tracfin, an organization that collates information about money laundering, confirmed the Bank of France's suspicions about the alleged transfers.
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