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Writer's pictureAndré Giacometti

Claude Palmero Detained After Prince Albert Alleges Defamation, Abuse of Trust

Claude Palmero, the former financial adviser to HSH Prince Albert of Monaco, was briefly detained and questioned on the morning of Wednesday, September 11, following accusations from the prince, including defamation and abuse of trust. Palmero, who had been a trusted member of the principality's inner circle and managed the prince's real estate assets, was released the same day without charges. His legal representation criticized the allegations as damaging misinformation.

The arrest is part of a broader investigation initiated by the Monegasque royal family after Palmero was dismissed in June 2023 amid allegations of misconduct that included theft of documents and falsification of invoices. Additionally, a separate inquiry is examining Palmero's interactions with the media, specifically concerning potential breaches of professional confidentiality and privacy violations.

This case has attracted significant attention, particularly regarding how French newspaper Le Monde came to possess Palmero's work journals, which led to several critical articles. The situation underscores ongoing tensions within Monaco's elite, with Prince Albert having restructured his advisory team in response to earlier controversies surrounding Palmero and other advisors. The legal disputes continue, with proceedings active in both Monaco and Paris.

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