Hamas fines Gaza banks tens of millions of dollars

18.11.2011                      21.Cheschwan. 5772

Gaza:

Hamas fines Gaza banks tens of millions of dollars

Two major Gaza banks ordered to pay fines and back fees for refusing to accept taxing power of Hamas government over Palestinian Authority in West Bank.

Hamas-appointed court this week ordered two major banks in Gaza to pay tens of millions of dollars in back fees and fines for refusing to accept the taxing power of the Hamas government, rather than its West-Bank-based rival, the Palestinian Authority.
Bank officials, who boycotted the judicial hearings, said the decision, handed down by a lower court earlier this week, might force them to shut down temporarily, at least, further reducing access to money in this isolated coastal enclave….