Company penalized over mishandled yacht funds

 January 24, 2017

A penalty was imposed on a Monegasque company that had misappropriated the sum of 2,650,000 Euros paid by a client to guarantee the construction of a yacht, reported Monaco Matin. After deliberation the Criminal Court has imposed one of the harshest penalties provided for by law for this breach of trust. The penalty comprised a […]

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