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02/25/2004 Archived Entry: "Israel seizes millions in raids on Arab banks"

Posted by steve @ 10:57 PM EST [Link]

SHOW ME THE MONEY: Israeli officials raided four Arab banks yesterday and seized $30 million in funds they claim came from Libya, Iran and Syria to fund Palestinian fighters.

The raid was directed by the Shin Bet security service, which checked hundreds of accounts with the help of bank computer staff arrested the night before. Agents took the money from the vaults, corresponding to the sums they identified in the accounts. They said the deposits belonged to Hamas, Islamic Jihad, and what the Israelis termed "senior terrorists and their families who received funds designated for financing terrorism". Officials said the raiders were also seeking evidence that Yasser Arafat was involved in funding attacks.

Read on.