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CRIME

Thieves use common Paris street scam to steal €200K in jewels

Thieves snatched €200,000 ($215,000) in jewels from an art fair in Paris at the weekend, police said on Monday.

Thieves use common Paris street scam to steal €200K in jewels
Photo: AFP
Exhibitors were packing up their stands at the Grand Palais exhibition space in the French capital on Sunday when one person distracted the seller and another made off with a box of jewels.
 
Reports suggest the accomplice had dropped money on the ground near the victim, who helped to pick it up as the thief struck. 
   
The theft took place during Art Paris Art Fair 2017, a show of modern and contemporary art held a short distance from the prestigious Champs-Elysees avenue.
   
The event brought together work from 140 modern art galleries from around 20 countries.
   
The theft follows a string of jewel heists in and around France in recent months.
   
On March 25, an armed gang working in broad daylight stole millions of euros worth of gems from a Cartier store in Monaco — a tiny principality on the French Riviera.
   
All the loot from that robbery has been recovered and four people have been arrested.
   
In Paris, several suspects remain in custody over the high-profile robbery of US reality TV star Kim Kardashian.
   
Kardashian was tied up in a luxury Paris residence and robbed at gunpoint of jewellery worth around nine million euros.
 
 
 

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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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