|
The Palestine Investment Fund (PIF) was established in 2003 as an independent investment company aiming to strengthen the local economy through strategic investments, while maximising long-run returns for its ultimate shareholder; the people of Palestine. It was created by a transfer of assets previously managed by the Palestinian Authority.〔http://www.swfinstitute.org/swfs/palestine-investment-fund/ Sovereign Wealth Fund Institute〕 Its assets total $800m.〔http://www.ameinfo.com/222588.html〕 According to one source, the PIF does two internal audits; one from PricewaterhouseCoopers and another by an internal audit unit. External audits are undertaken by Ernst and Young, who have independently verified that PIF’s financials are in accordance with international auditing standards. Furthermore, the State Audit and Administrative Control Bureau audits the PIF’s governance and financial systems and, in addition, scores the performance of its internal auditing systems. Even further, the PIF is partners with US OPIC, UK DFID, and the World Bank’s IFC. Under Palestinian Authority Prime Minister Salaam Fayyad, the PIF was celebrated for its transparent business practices, but in recent months, it has become involved in funding more and more questionable projects. ==Controversy== In June 2012, Mohammed Rashid (also known as Khaled Salam), the former economic adviser to Yasser Arafat, was sentenced to 15 years in prison after being found guilty of embezzling from the Palestine Investment Fund, the PLO and the Palestinian Authority. He was also given a $15 million fine and was ordered to repay the $34 million he embezzled. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Palestine Investment Fund」の詳細全文を読む スポンサード リンク
|