Claude Palmero, the former administrator of Prince Albert II’s assets, published a book on Thursday titled Monaco Interdit, Main basse sur la Principauté (Takeover of the Principality). The 331-page book details his more than 20 years managing the Grimaldi family’s assets and the events surrounding his dismissal in June 2023.
Claude Palmero succeeded his father in the role in 2001, following numerous confidential matters for the principality. According to the book’s description, he managed the princely family’s fortune and handled sensitive affairs, while also attempting to introduce competition and transparency in real estate development projects, Monaco’s principal source of wealth.
Dismissal and investigations
Following his removal from the palace, Palmero has been questioned by police multiple times as part of investigations. The former administrator faces complaints from the princely family and property magnate Patrice Pastor.
The book’s description states that since his dismissal, Palmero has faced press articles, searches, police custody, and accusations of various thefts. It mentions espionage operations, computer break-ins, and attacks on those close to him. No fewer than 30 judicial procedures have been launched by Monaco’s justice system, according to the book, though none have resulted in convictions to date.
Book’s contents
Palmero identifies Patrice Pastor as central to what he describes as a “system of influence” that led to his removal. The former administrator claims he attempted to limit powerful interests during his tenure managing real estate development projects.
The book reveals what Palmero characterises as the intrigues of Monegasque power and compromises within the principality. According to the description, he presents his testimony on the Rock’s inner workings and princely customs.
Limited distribution
Publisher Nouveau Monde chose not to distribute the book in Monaco, where only one bookshop remains. The book is available in neighbouring Beausoleil and Cap-d’Ail. A note on the cover states “Ce livre n’est pas en vente à Monaco” (This book is not for sale in Monaco).
Palmero presents the book as an effort to restore his honour and provoke action for the general interest. He has previously taken his case to the European Court of Human Rights, challenging what he describes as violations of Monaco’s constitutional standards and the independence and impartiality of justice required by the Council of Europe.
The book’s description concludes: “This story resembles a thriller with incredible twists… but it is very much real.”
Monaco Matin reports that Palmero was charged approximately two weeks ago with violation of investigation secrecy, after investigators discovered minutes from various criminal proceedings during searches of his home and office in July 2023 following his departure from the palace.
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