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An Italian has been sentenced to two months in jail for attempting to smuggle two diamonds in the belt of his trousers with the intention of selling the precious stones in Monaco. The diamonds were said to have a combined value of almost €400,000.
The defendant’s actions were in violation of the Sovereign Order of 1963 on the Customs Convention between France and Monaco, the Criminal Court was told.
Prosecutor Alexia Brianti called for one year in jail, with an arrest warrant, plus the confiscation of the diamonds, the BMW X3 he was driving when apprehended and his trousers.
The trafficker told the authorities that he had been hiding the stones from his wife and that he had no intention of selling them. The diamonds were intended as a patrimony for his three children, and one boy born out of wedlock, he told the court.
However, the defendant’s record is tainted with multiple convictions between 1973 and 1999 for weapons offences, fraud, smuggling stolen goods, conspiracy, violation of VAT laws and more. Furthermore, his statements on the origin and destination of the precious stones varied throughout the course of his arrest, time in police custody and statements made before the judges.
IMSEE’s report on the business climate of Monaco in June shows a certain stabilisation despite overall low levels of trade.
The International Contemporary Art Fair coming up in late August will be the first major cultural event to be held since the beginning of the health crisis.
Barclays has appointed Jean-Christophe Gerard as CEO, Barclays Private Bank with immediate effect, subject to regulatory approval.
Since 20th July, the Department of Urban Amenities has been offering a free shuttle service for residents living around the Grand Ida construction site.
France’s wine production has fallen by more than 10 percent this year compared to 2015, mainly due to bad weather since April, the agriculture ministry said on Thursday. Frost and hail in the spring were the main culprits, and later in the year a lack of rain also contributed to the poor season.
The areas most affected have been Champagne, Bourgogne and the Loire Valley. In Charentes, 3,600 hectares of vines were destroyed by frost and hail, with production down 16 percent. However, the recent hot weather may yet have a further impact on overall wine production in France.