Documents Show Citigroup Managed Arafat Investments

Citigroup, which has denied handling accounts for Yasser Arafat, managed equity fund investments for Arafat’s Palestine Commercial Services Co., newly disclosed PA financial records and interviews show.

The investment funds were held in PCSC’s “Citibank Account 7/306579/007” and were worth $6.8 million on Jan. 1, 2003, according to a valuation by Standard & Poor’s.

The Palestine Investment Fund posted an 18-page S&P report on the Citigroup account on its Web site this month.

Documents Show Citigroup Managed Arafat Investments

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