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Thursday, April 1, 2010    

Hamas raids banks, confiscates funds frozen by Palestinian Authority

GAZA CITY — The Hamas regime intends to raid banks in the Gaza Strip for funds frozen by the Palestinian Authority.   

Hamas security forces have raided at least one bank in the Gaza Strip in search of funds frozen by the Palestinian Authority. Officials said 10 officers seized $270,000 from the Bank of Palestine in Gaza City on March 29.

"The freezing of the funds was ruled illegal," Hamas Interior Ministry spokesman Ihab Ghussein said.


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[On April 1, Egypt was reported to have found what was described as a massive cache of surface-to-air and anti-tank rockets in the Sinai Peninsula. An Egyptian newspaper said the weapons were meant to have been smuggled to the Gaza Strip.]

In July 2009, the PA froze funds for the Palestinian association called Friends of the Sick. The PA decision took place after the Hamas takeover of the association, which operates a medical center in the Gaza Strip. Hamas was said to have put 200 new members on the governing board of Friends of the Sick.

"This [PA freeze] was based on entirely political considerations that have no relationship to the association's charitable work," Friends of the Sick said.

The Hamas seizure sparked panic in the financial community of the Gaza Strip. Ten banks have been operating branches in the area, with funds transferred through the Palestinian Monetary Authority, which ordered a closure of the financial institutions in the Gaza Strip.

"This was meant to protest the vicious attack that one of the banks and its employees were exposed to," the authority said.

Still, Hamas was expected to raid other banks that contain frozen funds of Friends of the Sick. The organization said it kept accounts in two banks other than Bank of Palestine.

"There are two other banks in Gaza that have our money, and during the coming days we'll get it back," Omar Farwana, a Hamas board member of the association, said.



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