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February 26, 2003


WASHINGTON Saudi Arabia is said to have transferred $500 million
to Al Qaida over the past decade.

A report submitted to the United Nations asserts that the Saudi funds represent the most important source of financing for Al Qaida. The study said Riyad, pressured by leading officials, has failed to stop the flow of money to Al Qaida in wake of the Sept. 11, 2001 suicide attacks on New York and Washington.

"One must question the real ability and willingness of the kingdom to exercise any control over the use of religious money in and outside of the country," the report said.

The 34-page report was written by a French investigator at the request of Colombia, which occupies the presidency of the Security Council. Jean-Charles Brisard, the investigator, has long studied the issue of Saudifinancing of Islamic insurgency groups.
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