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CRIME

Warning over Paris street robbers who target expensive jewellery after €800k watch snatched

A man had a watch worth €800,000 ripped off his wrist in Paris in the latest of a series of attacks targeting people who wear expensive items on the street.

Warning over Paris street robbers who target expensive jewellery after €800k watch snatched
A Richard Mille watch similar to the one that was stolen. Photo: AFP:

The theft of luxury watches in the fashionable districts of Paris is quite common. And it is a scourge which the Parisian police is taking very seriously – although  there aren’t many watches worth €800,000.

On Tuesday, the Paris Public Prosecutor's Office referred the matter to the BRB (Brigade de répression du banditisme) of the Parisian Judicial Police to conduct this investigation into the violent aggravated theft of a luxury watch. The robbery took place on Monday evening at 9:30pm on Avenue de Friedland, near the Champs-Elysées.

A 30-year-old Japanese businessman who was staying at the Napoleon Hotel, a 5-star Parisian establishment near the Arc de Triomphe, was smoking outside with another customer.

An individual, about 1.80m tall and wearing a parka, appeared, asked the Japanese customer for a cigarette. It was a ruse to check the brand of his watch. The thief then grabbed the man’s wrist and ripped off his watch.

He immediately fled to Haussmann Boulevard.

The victim, uninjured, filed a complaint. The Swiss watch, from the Richard Mille luxury brand, model “Tourbillon diamond twister” is valued at €800,000.

However, the thief demonstrated that he is not in fact a criminal mastermind as he managed to lose his mobile phone during the escape. The police are optimistic that it will be rich in DNA and information.

This year, in Paris and its suburbs, 71 people were assaulted for their luxury watches between January 1st and September 1st. On Thursday August 29th alone, four attacks were recorded. The victims were targeted by experts who were able to recognise the models at a glance.

 

Member comments

  1. It’s very upsetting to be robbed, especially with violence, it’s wrong and can’t be condoned, but I find it hard to sympathise with idiots that walk around displaying very expensive jewellery especially in a large city. Who on earth wants a three quarters of a million Euros watch? My Timex cost twenty eight Euros and keeps excellent time, so I guess if these people want this sort of ostentatious display then snobbery gets the better of common sense.

  2. Thank you! Only an IDIOT would a) buy a watch that expensive b) wear it and c) then arrange for the insurance money? Can we spell inside job?

  3. Anyone as shallow, stupid and show-off as to wear an €800k watch in public deserves to get ripped off.

    Wearing such a watch is a sign of (a) ACTUAL inner self-esteem lower than whale-you-know-what and (b) a “Let them Eat Cake” arrogance taller than the Tour D’Eiffel. Doesn’t this idiot remember what guillotines are for?

  4. No one should be robbed regardless of what they wear. If he can afford it, he should be able to buy it. There is no evidence that “let them eat cake ” was said by Marie Antoinette. So, people should go to the guillotine for having a fancy watch? Scary!

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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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