Feb 15 • 00:00 UTC 🇮🇹 Italy La Repubblica

Spies and secret funds: I reveal the dark side of the Principality of Monaco

Claude Palmero, former custodian of the Grimaldi family's finances, unveils the shadowy dealings of Monaco in his new book after being dismissed.

Claude Palmero, who served as the financial custodian for the Grimaldi family in Monaco for over two decades, has come into the spotlight following his dismissal in 2023. He has initiated a prolonged legal battle and released a book titled "Monaco interdit" (Forbidden Monaco), which aims to expose the intricate power dynamics and clandestine activities within the Principality. This revelation has not only stirred public interest but also raised questions regarding financial transparency and governance in Monaco.

In his book, Palmero details his first-hand experiences and observations regarding the secretive financial dealings involving influential figures and institutions in Monaco, a place often associated with luxury but now depicted as harboring unsettling secrets. His allegations, if proven credible, could have far-reaching implications not just for the Grimaldi family but also for the governance and international reputation of Monaco, challenging the status quo of this famously opaque territory.

This dramatic unveiling comes at a crucial time as Monaco grapples with issues of financial integrity and public trust. The contrast between its glamorous image and the allegations of corruption echoed by Palmero raises significant concerns among residents and stakeholders, leading to a potential re-evaluation of how Monaco is perceived both domestically and across the globe. As the legal battle unfolds, all eyes will be on the Principality to see how these revelations will impact its governance and public perception.

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