Traffic of luxury watches

Traffic of luxury watches - Nine people have been arrested suspected of being involved in this vast traffic of luxury watches. The arrests come as part of an investigation launched in the summer of 2021 and initiated by the judicial police of Nice. For several years hundreds of watches whose value could vary from 10,000 to 400,000 euros, were stolen, sometimes violently, in several European cities. The thieves resold their loot at half price to the presumed leader of the network, a 42-year-old Corsican, who then sold them on. The latter used watchmakers and jewellers in Nice, Lyon, Paris, Andorra and Antwerp to remove the origin of these numbered luxury watches and repackaged them in packaging, thus falsifying their "traceability". A total of 152 watches, 137,000 euros in cash, 3 vehicles and 3 kg of cocaine as well as blank certificates of authenticity and spare parts with non-visible serial numbers were found, "hidden" in France and Belgium during the arrests carried out between June 21st and 23rd.

Last local news

French and Riviera News Thursday 13th June 2024

The president of the Republican party Eric Ciotti, who called for an alliance between his French party's candidates and Marine Le Pen's far-right Nati... French and Riviera News Thursday 13th June 2024 Read More

13/06/2024

Emmanuel Macron Press Conference Summary

Emmanuel Macron has unveiled his strategy for the legislative elections following the surprise dissolution of the National Assembly. Aiming for a "cle... Emmanuel Macron Press Conference Summary Read More

12/06/2024

Evening Update Wednesday 12th of June 2024

The right-wing LR and far-right RN will not join forces, contrary to what Eric Ciotti previously stated. The proposed agreement between RN and LR, sug... Evening Update Wednesday 12th of June 2024 Read More

12/06/2024

New security control centre for SBM

The Société des Bains de Mer in Monaco has inaugurated in the presence of HSH Prince Albert II of Monaco, a new security control centre. ... New security control centre for SBM Read More

12/06/2024

Forest fire in Vidauban update

600 hectares have gone up in smoke following a forest fire in Vidauban in the Var. Firefighters are still working on site to put out the flames but, t... Forest fire in Vidauban update Read More

12/06/2024