Former Palestine Fund Director Sentenced to 15 years
http://english.wafa.ps/index.php?action=detail&id=20003

RAMALLAH, June 7, 2012 (WAFA) – Palestinian Corruption Crimes court in
Ramallah Thursday sentenced in absentia former director general of the
Palestine Investment Fund Mohammad Rashid to 15 years in jail with hard
labor and a $15 million fine.

Rashid, also known as Khaled Salam, was convicted of embezzlement and money
laundering along with Abdul Rahman al-Rashid Najab and Khalid Abdul Ghani
Farra.

Najab and Farra were sentenced to 15 years in prison and a fine of $8
million and $5 million, respectively, for accessory in embezzlement and
money laundering.

The court also convicted the Management Consulting Services Company (MCS)
for accessory in embezzlement and money laundering, and was fined $5 million
in addition to the company’s dissolution.

M.H./F.R.