Palestinian Authority Freezes Assets of Former PM

Former Prime Minister Salam Fayyad says the Palestinian Authority has frozen his bank account and accused him of money laundering
Palestinian Authority Freezes Assets of Former PM
German Foreign Minister Frank-Walter Steinmeier speaks during a press conference with Palestinian Prime Minister Rami Hamdallah following his meeting in the West Bank City of Ramallah, Sunday, May 31, 2015. (AP Photo/Majdi Mohammed)
The Associated Press
6/22/2015
Updated:
6/22/2015

RAMALLAH, West Bank—Former Prime Minister Salam Fayyad says the Palestinian Authority has frozen his bank account and accused him of money laundering.

Fayyad, a politically independent economist, served as prime minister from 2007 to 2013, when he resigned amid a falling out with President Mahmoud Abbas. Fayyad enjoyed strong Western support, and focused on repairing Palestinian finances and on development projects.

Fayyad currently runs the “Future for Palestine” development institute. Its funds have been frozen over the money laundering lawsuit.

Fayyad said the funds were for projects in Jerusalem and the West Bank. He denied any wrongdoing.

The Palestinian attorney general’s office confirmed the existence of the lawsuit but declined further comment.

Critics say Abbas, in power for more than a decade, is trying to sideline potential political opponents.