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BUSINESS

French tycoon’s jet found packed with cocaine

A French bound jet seized in the Dominican Republic with almost 700 kg of cocaine on board belonged to renowned businessman Alain Afflelou, it has been revealed. The owner of an opticians empire was said to be “amazed” at the news.

French tycoon's jet found packed with cocaine
Alain Afflelou, pictured in Paris on September 20th, 2012. Photo: Eric Piermont/AFP

Dominican customs officials found 680 kg of cocaine in 26 suitcases aboard the private Falcon jet owned by Afflelou.

"Alain heard the news last night, through the media, and he's amazed,” said his spokeswoman on Sunday.

The famed owner of an international chain of opticians bearing his name, had loaned the aircraft to the Lyon-based Transhelicopter Services company.

On March 22nd, four French nationals – as well as several local police officers and customs officers – were arrested in the Dominican Republic on suspicion of being part of a drug-trafficking network about to transport the cocaine to Versailles, close to Paris.

A lawyer for Afflelou claimed he would “take the necessary steps to establish what happened”, and that a letter “demanding an explanation” had been sent to the French leasing company, according to regional daily Ouest-France.

Afflelou caused controversy in France in December when he condemned the French government for engaging in a “trench warfare” against entrepreneurs and others “trying to succeed”.

Announcing that he was moving to Britain, Afflelou seemed to suggest France’s “unjust and confiscatory tax system” was leading the country down a path towards the bloody, anti-business recriminations of the 1789 Revolution.

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BANKING

Danish bank to pay millions to end French laundering probe

Denmark’s largest bank has agreed to pay a multi-million sum to end legal pursuits in France linked to alleged money laundering in its Estonian subsidiary that resulted in heavy US penalties

Danish bank to pay millions to end French laundering probe

Danske Bank will pay €6.3million (47million kroner) to end French financial authorities’ investigation.

An independent auditor’s report published in 2018 alleged Danske Bank’s Estonian unit allegedly laundered some €200billion through 15,000 accounts from 2007 to 2015.

The payment was agreed on August 27th with France’s national financial crime prosecutors and validated by a court on Wednesday. The agreement does not involve any admission of guilt.

Danske last December pleaded guilty in the United States and paid a $2billion fine.

The bank last October set aside an amount roughly equal to its US fine in expectation of legal pursuits in several countries.

Probes are underway in Estonia, Denmark, and Britain.

France charged Danske in 2019 with organised money laundering, which it denied, saying it was unaware of its Estonian subsidiary’s activities.

Tracfin, the French finance ministry’s anti-money laundering unit, found suspect movements on two accounts linked to a Franco-Russian businesswoman who has since been handed a two-year suspended sentence.

At Wednesday’s hearing, Danske’s counsel Niels Heering said his institution was “happy to reach this accord which for us is a way to close this chapter”, adding that “cracking down on financial fraud remains a priority” for the bank.

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