February 29, 2024 • 14 mins
On today’s Big Take podcast, an investigation by Bloomberg Businessweek reveals how Prince Albert II’s government regularly favored his nephews in business deals. Members of the royal family deny any wrongdoing, but Monaco finds itself in the midst of a political crisis.
Bloomberg reporters Gaspard Sebag and Anthony Cormier detail why two of the Prince’s nephews are now facing allegations of using state contracts to line their own pockets at a time when the country’s government is already under scrutiny for failing to curb financial crime.
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Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news. For a lot of people,
Monico brings to mind visions of wealth and seaside luxury.
Speaker 2 (00:14):
When you think about Monica, you think quite quickly about
the cincinating French riviera. You can picture yachts gliding on
the Mediterranean.
Speaker 1 (00:25):
That's my colleague Gaspar Sabag. He's based in Paris and
focuses on investigations and court cases in France and Francophone countries.
Speaker 3 (00:33):
And this Monica is lovely.
Speaker 1 (00:36):
Is Anthony Cormier, a reporter on Bloomberg's investigations team.
Speaker 3 (00:40):
Monico has this incredible reputation despite its very very small size, right.
It has this elegant casino, It's got the very famous
Grand Prix.
Speaker 1 (00:52):
For the past year, Gaspar and Anthony have been paying
a lot of attention to this glitzy, glamorous Mediterranean country.
And that's because it's on the brink of crisis.
Speaker 3 (01:06):
Monico is at the moment staring down the barrel of
a gun. The country itself faces two looming reports by
watchdogs in Europe about money laundering, about its inability to
stop white collar crime, and about corruption inside the government.
Speaker 1 (01:23):
The outcome of one of those reports could put the
country on what's known as the graylest That's a classification
reserved for a handful of states under increased monitoring for
things like money laundering. That could make it much harder
for the country to attract international business. And one ongoing
drama involving Monico's high powered royal family could further tarnish
(01:45):
the country's reputation.
Speaker 2 (01:47):
And that's really broke peril to the Palace's door and
is getting pretty sweaty, I would say.
Speaker 1 (01:54):
Today on the show, a Bloomberg investigation into the business
ventures of Monico's royal family and why two of the
prince's nephews are now facing allegations of using their relationship
with the palace to line their own pockets at a
time when the country's government is already under scrutinyed for
failing to curb financial crime. I'm your host, Sarah Holder,
(02:14):
and this is the big take from Bloomberg News. Tucked
between Italy and France, the tiny country of Monaco spans
less than a square mile that's smaller than Central Park,
and this wealthy enclave along the Mediterranean coast has been
ruled by the same family line for the past seven
(02:37):
hundred years.
Speaker 3 (02:38):
Monaco is a very unique place because it is the
last bastion of monarchy in Western Europe. It is the
longest running dynasty in Europe, and as most of its
neighbors in Europe shook off their rulers, their kings and
queens in favor of democracy, Monico is still run by
(03:01):
a royal family, a Prince, His Serene Highness Albert II
of Monaco.
Speaker 2 (03:06):
He basically is the government. There's a small parliament, but
he can veto their decisions. He can set the foreign
policy over there. I mean, he's really the go to
person in Monaco.
Speaker 1 (03:19):
Albert the second has been the reigning monarch since two
thousand and five, and he has a close relationship with
his nephews.
Speaker 3 (03:26):
Andrea and Pierre cassi Rak. They're tall and blonde. They're
the children of Albert's eldest sister, Princess Caroline. They grew
up with enormous attention there, you know, the tabloids used
to follow them around everywhere.
Speaker 1 (03:42):
They got a lot of attention because of their charm,
model like looks and sense of adventure. Andrea was on
People Magazine's list of the world's most Beautiful people Pierre
was part of the crew that helped Greta Tunberg sail
to New York for a UN Climate summit. But their
story is also in tragedy.
Speaker 3 (04:01):
When Andrea and Pierre were just six and three years old,
they lost their father. He was a bit of an adventurer.
He loved speed, he raised powerboats, in fact, was a
powerboat champion, and unfortunately, when they were young, he was
in an offshore race. His powerboat flipped and Stefano passed.
But before he died he'd set up a number of companies.
(04:22):
One of them dealt with construction and another dealt with helicopters.
Speaker 1 (04:25):
And by the time Andrea and Pierre had grown up,
they decided to pick up where their father left off.
In two thousand and nine, when the younger brother, Pierre,
was just twenty one years old, he announced that he
had become the majority shareholder of his father's construction company, and.
Speaker 2 (04:40):
That very same year the company starts working on major
state contracts.
Speaker 1 (04:46):
One of their first big jobs was to build the
new Yacht Club of Monaco, and Gaspar says, you'd be
hard pressed to find a higher profile public works project.
Speaker 2 (04:56):
It's right on the main poll He got the big
yachts coming in, people are meeting, you set up business
meetings there. You know, it's really quite a unique place.
Speaker 1 (05:05):
It's the center of Monaco's CNBC culture. Yes, absolutely, For
two young men looking to break into real estate, it
was an extraordinary opportunity.
Speaker 2 (05:16):
Ps twenty one years old and Rest twenty five years old,
and all of a sudden, here they are building one
of the most iconic buildings in.
Speaker 1 (05:23):
Monaco, with Andrea and Pierre at the helm. Their construction
company would go on to win more state contracts, a
botanical center, apartments for the elderly, the rebuilding of Parliament.
In fact, the company's website says it's been a part
of the most important public projects in the principality of Monaco,
and all those contracts go through their uncle's government.
Speaker 2 (05:45):
Imagine the British royal family. Imagine a member, Imagine a
nephew of King Charles bidding on a state contract. What
would people say. I think there would be a massive outcry,
But in Monaco, you know, the volume is muted often
(06:07):
because the locals they have too much at stake to
cause a fuss.
Speaker 1 (06:15):
After the break, Gaspar and Anthony's investigation reveals just how
close the relationship between the Kasaragi success and their uncle's
government may have been, and why that is causing a fuss.
We're back after picking up the mantle of their late
(06:37):
father's construction company. Andrea and Pierre Kasaragi, nephews to Monaco's ruler,
Prince Albert. The Ion have had a lot of success
securing state contracts, but their ambitions didn't stop with construction.
In the last decade, the nephews have looked to the sky.
Speaker 3 (06:54):
There are only two places in the world that regularly
schedule helicopter flights to and from. One is meant to JFK.
The other is Monaco to the local airport in Nice.
It's a really picturesque way to get in and out
of the principality. You fly over the rocks and you
see the yachts and it's a really gorgeous seven minute flight.
Speaker 1 (07:15):
Andrea and Pierre's father founded a helicopter company called Monacare
back in the eighties, but it had largely gone dormant
after his death.
Speaker 3 (07:22):
It was picked up by the palace itself to shuttle
the royal family around, but when they got a bit older,
Andrea and Pierre decided that they want to re enter
the helicopter business.
Speaker 1 (07:33):
They rounded up some investors and started operating a service
for VIP members and the Principality, and eventually they set
their sites on the exclusive Nice Airport to Monaco route.
Speaker 3 (07:44):
But that route had for many many years been controlled
by two local brothers. They were surprised to learn that
the Principality was taking away their contract and opening up
for competition.
Speaker 1 (07:55):
The Principality put out a call for proposals from different
helicopter operators and in the end, Andrea and Pierre's company
won the contract, and the losing brothers were shocked.
Speaker 3 (08:05):
They don't understand what's happened to them. They don't in
fact understand why the contract was taken away in the
first place. They felt like they had a legitimate.
Speaker 1 (08:12):
Bid, and Anthony says they only got more confused when
the Palace sent over the royal family's accountant, a man
by the name of Claude Palmerow to smooth things over.
Speaker 3 (08:22):
Prince Albert sends his long time and most trusted advisor
to make a financial settlement with the company that lost
the bid, which the company rejected and in fact they
filed the criminal complaint.
Speaker 1 (08:34):
The complaint led to a criminal inquiry, which is handled
by an investigative judge from France. With fewer than ten
thousand nationals, Monaco doesn't have enough citizens to staff its
own courts and has a long standing agreement to share
civil servants with France. The prince himself is immune from
all criminal charges and civil complaints, but his nephews and
(08:55):
other entities in Monaco don't have the same protections, and
the judge ordered police to search the headquarters of their
helicopter company and the offices of Monaco's civil aviation and
IT departments. So once the police start looking into the
nephew's helicopter company and this deal, what do they find.
Speaker 3 (09:16):
One of the first things that the authorities find is
a series of notes that are kept in the draft
folder of an executive's Gmail account, and these documents seemed
to show that the company was working with or speaking
with the government, long before it was known that the
(09:37):
contract was even up.
Speaker 1 (09:38):
In other words, the documents seemed to show a secret
back channel between the palace and the nephew's helicopter company
that gave them detailed parameters of what it would take
to win the contract, and as far as Anthony and
Gaspard could find, the.
Speaker 3 (09:51):
Rivals didn't have these parameters. They were on the back foot.
And what happened was is that Andrea and Pierre's company
was able to tame new helicopters much earlier than their
rivals could. That was one of the deciding factors the
tip things in favor of the Kaisiraki's company. It was
an enormous find for the investigators because they were able
(10:14):
to approach the executives and say, frankly, what is this,
How do you explain this? The executive said that these
were his personal reflections. The government says we didn't give
them any parameters at all, But to the investigators it's
become a pretty critical piece of evidence in their inquiry.
Speaker 1 (10:31):
So what do the nephews have to say about all this.
Speaker 3 (10:34):
Well, they have told us in a statement that they've
done nothing wrong, that they abide by all of the
public rules and fair competition rules in Monaco. So they
from their perspective, they've done nothing wrong. In this criminal
investigation isn't going to affect them in any way.
Speaker 1 (10:49):
But the nephews aren't the only ones bringing scrutiny to
the palace door. There's another person close to the family
who could spell trouble for the Monagaesque royalty, a person
who was trusted to handle their discreete affairs. The same
guy who was sent to the losing helicopter company to
try to smooth things over. The palace accountant we mentioned earlier,
Claude Palmyraw.
Speaker 3 (11:10):
For many years, you know he boy boy. He would
do everything from store some of their wealth hidden in Panama.
It would balance the accounts of Prince Albert's wife. He
was the administrator who signed the paperwork on secret apartments
for the royal family. He was basically, you know, their
(11:31):
lieutenant for lack of a better word.
Speaker 1 (11:34):
In twenty twenty one, a lot of dirty laundry was
laid out for the world to see when Palmero's emails,
along with those of other Monagesque officials, were hacked.
Speaker 3 (11:42):
Those documents were leaked on the Internet. They were called
the Stossier du Roche the Dossiers of the Rock.
Speaker 2 (11:49):
These emails the leak purported to show him trying to
favor some developers over others, basically, you know, abusing in
a way his position behind the scenes. He obviously denies it.
Speaker 1 (12:05):
This week was explosive, and as pressure from the fallout
mounted in the years that followed, Prince Albert the Second
reassessed his relationship with his once trusted advisor.
Speaker 2 (12:15):
In May twenty twenty three, you could sense that Albert
was changing his mind about Palmarrow, and just a month
later he had palace guards escored him out of his
office and out of the palace, and he's now basically
at war with his old employer. Palmarow and Prince Albert
have started to litigate and it's quite an incredibly tense
(12:39):
moment there. Also due to this, I can only describe
it as a divorce.
Speaker 3 (12:45):
Basically.
Speaker 2 (12:45):
You know, you've got the Prince who is saying in
a criminal complaint that supplored Palmrrow mismanaged his accounts. You've
got palm Merrow trying to bring basically Prince Albert to justice.
He's suing him him at the European Code of the
Human Rights to contest his dismissal, and he's even ladged
(13:06):
a criminal complaint against the Prince. It's really nasty.
Speaker 3 (13:09):
So all of this stuff is swirling around Prince Albert.
At the same time, you've got international watchdogs who want
to make sure that it's not a backdoor to financial crooks.
You've got another separate set of inspectors looking at the palace.
You've got your longtime advisor who's on the outs and
you're having investigated, and who is suing you. It's the
(13:32):
latest scandal for Albert, who's been on the throne for
nearly twenty years now, and when he took over, he
promised to clean up Monaco's reputation. The French riviera in
Monica in particular has long been known as a sunny
place for shady people. Well, Albert promised to reform that.
In fact, he hasn't. His reign has been tarred by
(13:53):
one scandal after another. The investigation of his nephews is
only the most recent one. The outside look by inspectors
adds enormous pressure on Prince Albert himself and his government
to finally, perhaps reform its ways.
Speaker 1 (14:16):
This has been the big take from Bloomberg News. I'm
Sarah Holder. This episode was produced by David Fox, who
was edited by Aaron Edwards. It was mixed by Ben O'Brien.
It was fact checked by David Fox. Our senior producers
are Naomi Shaven and Jill Duddy Carley. We get editorial
direction from Elizabeth Ponso, Nicole beemsterbor is our executive producer.
(14:39):
Sage Bauman is Bloomberg's head of podcasts. Thanks for listening.
Please follow and review The Big Take wherever you listen
to podcasts. It helps new listeners find the show. We'll
be back tomorrow
Bloomberg Audio Studios, podcasts, radio news. For a lot of people,
Monico brings to mind visions of wealth and seaside luxury.
Speaker 2 (00:14):
When you think about Monica, you think quite quickly about
the cincinating French riviera. You can picture yachts gliding on
the Mediterranean.
Speaker 1 (00:25):
That's my colleague Gaspar Sabag. He's based in Paris and
focuses on investigations and court cases in France and Francophone countries.
Speaker 3 (00:33):
And this Monica is lovely.
Speaker 1 (00:36):
Is Anthony Cormier, a reporter on Bloomberg's investigations team.
Speaker 3 (00:40):
Monico has this incredible reputation despite its very very small size, right.
It has this elegant casino, It's got the very famous
Grand Prix.
Speaker 1 (00:52):
For the past year, Gaspar and Anthony have been paying
a lot of attention to this glitzy, glamorous Mediterranean country.
And that's because it's on the brink of crisis.
Speaker 3 (01:06):
Monico is at the moment staring down the barrel of
a gun. The country itself faces two looming reports by
watchdogs in Europe about money laundering, about its inability to
stop white collar crime, and about corruption inside the government.
Speaker 1 (01:23):
The outcome of one of those reports could put the
country on what's known as the graylest That's a classification
reserved for a handful of states under increased monitoring for
things like money laundering. That could make it much harder
for the country to attract international business. And one ongoing
drama involving Monico's high powered royal family could further tarnish
(01:45):
the country's reputation.
Speaker 2 (01:47):
And that's really broke peril to the Palace's door and
is getting pretty sweaty, I would say.
Speaker 1 (01:54):
Today on the show, a Bloomberg investigation into the business
ventures of Monico's royal family and why two of the
prince's nephews are now facing allegations of using their relationship
with the palace to line their own pockets at a
time when the country's government is already under scrutinyed for
failing to curb financial crime. I'm your host, Sarah Holder,
(02:14):
and this is the big take from Bloomberg News. Tucked
between Italy and France, the tiny country of Monaco spans
less than a square mile that's smaller than Central Park,
and this wealthy enclave along the Mediterranean coast has been
ruled by the same family line for the past seven
(02:37):
hundred years.
Speaker 3 (02:38):
Monaco is a very unique place because it is the
last bastion of monarchy in Western Europe. It is the
longest running dynasty in Europe, and as most of its
neighbors in Europe shook off their rulers, their kings and
queens in favor of democracy, Monico is still run by
(03:01):
a royal family, a Prince, His Serene Highness Albert II
of Monaco.
Speaker 2 (03:06):
He basically is the government. There's a small parliament, but
he can veto their decisions. He can set the foreign
policy over there. I mean, he's really the go to
person in Monaco.
Speaker 1 (03:19):
Albert the second has been the reigning monarch since two
thousand and five, and he has a close relationship with
his nephews.
Speaker 3 (03:26):
Andrea and Pierre cassi Rak. They're tall and blonde. They're
the children of Albert's eldest sister, Princess Caroline. They grew
up with enormous attention there, you know, the tabloids used
to follow them around everywhere.
Speaker 1 (03:42):
They got a lot of attention because of their charm,
model like looks and sense of adventure. Andrea was on
People Magazine's list of the world's most Beautiful people Pierre
was part of the crew that helped Greta Tunberg sail
to New York for a UN Climate summit. But their
story is also in tragedy.
Speaker 3 (04:01):
When Andrea and Pierre were just six and three years old,
they lost their father. He was a bit of an adventurer.
He loved speed, he raised powerboats, in fact, was a
powerboat champion, and unfortunately, when they were young, he was
in an offshore race. His powerboat flipped and Stefano passed.
But before he died he'd set up a number of companies.
(04:22):
One of them dealt with construction and another dealt with helicopters.
Speaker 1 (04:25):
And by the time Andrea and Pierre had grown up,
they decided to pick up where their father left off.
In two thousand and nine, when the younger brother, Pierre,
was just twenty one years old, he announced that he
had become the majority shareholder of his father's construction company, and.
Speaker 2 (04:40):
That very same year the company starts working on major
state contracts.
Speaker 1 (04:46):
One of their first big jobs was to build the
new Yacht Club of Monaco, and Gaspar says, you'd be
hard pressed to find a higher profile public works project.
Speaker 2 (04:56):
It's right on the main poll He got the big
yachts coming in, people are meeting, you set up business
meetings there. You know, it's really quite a unique place.
Speaker 1 (05:05):
It's the center of Monaco's CNBC culture. Yes, absolutely, For
two young men looking to break into real estate, it
was an extraordinary opportunity.
Speaker 2 (05:16):
Ps twenty one years old and Rest twenty five years old,
and all of a sudden, here they are building one
of the most iconic buildings in.
Speaker 1 (05:23):
Monaco, with Andrea and Pierre at the helm. Their construction
company would go on to win more state contracts, a
botanical center, apartments for the elderly, the rebuilding of Parliament.
In fact, the company's website says it's been a part
of the most important public projects in the principality of Monaco,
and all those contracts go through their uncle's government.
Speaker 2 (05:45):
Imagine the British royal family. Imagine a member, Imagine a
nephew of King Charles bidding on a state contract. What
would people say. I think there would be a massive outcry,
But in Monaco, you know, the volume is muted often
(06:07):
because the locals they have too much at stake to
cause a fuss.
Speaker 1 (06:15):
After the break, Gaspar and Anthony's investigation reveals just how
close the relationship between the Kasaragi success and their uncle's
government may have been, and why that is causing a fuss.
We're back after picking up the mantle of their late
(06:37):
father's construction company. Andrea and Pierre Kasaragi, nephews to Monaco's ruler,
Prince Albert. The Ion have had a lot of success
securing state contracts, but their ambitions didn't stop with construction.
In the last decade, the nephews have looked to the sky.
Speaker 3 (06:54):
There are only two places in the world that regularly
schedule helicopter flights to and from. One is meant to JFK.
The other is Monaco to the local airport in Nice.
It's a really picturesque way to get in and out
of the principality. You fly over the rocks and you
see the yachts and it's a really gorgeous seven minute flight.
Speaker 1 (07:15):
Andrea and Pierre's father founded a helicopter company called Monacare
back in the eighties, but it had largely gone dormant
after his death.
Speaker 3 (07:22):
It was picked up by the palace itself to shuttle
the royal family around, but when they got a bit older,
Andrea and Pierre decided that they want to re enter
the helicopter business.
Speaker 1 (07:33):
They rounded up some investors and started operating a service
for VIP members and the Principality, and eventually they set
their sites on the exclusive Nice Airport to Monaco route.
Speaker 3 (07:44):
But that route had for many many years been controlled
by two local brothers. They were surprised to learn that
the Principality was taking away their contract and opening up
for competition.
Speaker 1 (07:55):
The Principality put out a call for proposals from different
helicopter operators and in the end, Andrea and Pierre's company
won the contract, and the losing brothers were shocked.
Speaker 3 (08:05):
They don't understand what's happened to them. They don't in
fact understand why the contract was taken away in the
first place. They felt like they had a legitimate.
Speaker 1 (08:12):
Bid, and Anthony says they only got more confused when
the Palace sent over the royal family's accountant, a man
by the name of Claude Palmerow to smooth things over.
Speaker 3 (08:22):
Prince Albert sends his long time and most trusted advisor
to make a financial settlement with the company that lost
the bid, which the company rejected and in fact they
filed the criminal complaint.
Speaker 1 (08:34):
The complaint led to a criminal inquiry, which is handled
by an investigative judge from France. With fewer than ten
thousand nationals, Monaco doesn't have enough citizens to staff its
own courts and has a long standing agreement to share
civil servants with France. The prince himself is immune from
all criminal charges and civil complaints, but his nephews and
(08:55):
other entities in Monaco don't have the same protections, and
the judge ordered police to search the headquarters of their
helicopter company and the offices of Monaco's civil aviation and
IT departments. So once the police start looking into the
nephew's helicopter company and this deal, what do they find.
Speaker 3 (09:16):
One of the first things that the authorities find is
a series of notes that are kept in the draft
folder of an executive's Gmail account, and these documents seemed
to show that the company was working with or speaking
with the government, long before it was known that the
(09:37):
contract was even up.
Speaker 1 (09:38):
In other words, the documents seemed to show a secret
back channel between the palace and the nephew's helicopter company
that gave them detailed parameters of what it would take
to win the contract, and as far as Anthony and
Gaspard could find, the.
Speaker 3 (09:51):
Rivals didn't have these parameters. They were on the back foot.
And what happened was is that Andrea and Pierre's company
was able to tame new helicopters much earlier than their
rivals could. That was one of the deciding factors the
tip things in favor of the Kaisiraki's company. It was
an enormous find for the investigators because they were able
(10:14):
to approach the executives and say, frankly, what is this,
How do you explain this? The executive said that these
were his personal reflections. The government says we didn't give
them any parameters at all, But to the investigators it's
become a pretty critical piece of evidence in their inquiry.
Speaker 1 (10:31):
So what do the nephews have to say about all this.
Speaker 3 (10:34):
Well, they have told us in a statement that they've
done nothing wrong, that they abide by all of the
public rules and fair competition rules in Monaco. So they
from their perspective, they've done nothing wrong. In this criminal
investigation isn't going to affect them in any way.
Speaker 1 (10:49):
But the nephews aren't the only ones bringing scrutiny to
the palace door. There's another person close to the family
who could spell trouble for the Monagaesque royalty, a person
who was trusted to handle their discreete affairs. The same
guy who was sent to the losing helicopter company to
try to smooth things over. The palace accountant we mentioned earlier,
Claude Palmyraw.
Speaker 3 (11:10):
For many years, you know he boy boy. He would
do everything from store some of their wealth hidden in Panama.
It would balance the accounts of Prince Albert's wife. He
was the administrator who signed the paperwork on secret apartments
for the royal family. He was basically, you know, their
(11:31):
lieutenant for lack of a better word.
Speaker 1 (11:34):
In twenty twenty one, a lot of dirty laundry was
laid out for the world to see when Palmero's emails,
along with those of other Monagesque officials, were hacked.
Speaker 3 (11:42):
Those documents were leaked on the Internet. They were called
the Stossier du Roche the Dossiers of the Rock.
Speaker 2 (11:49):
These emails the leak purported to show him trying to
favor some developers over others, basically, you know, abusing in
a way his position behind the scenes. He obviously denies it.
Speaker 1 (12:05):
This week was explosive, and as pressure from the fallout
mounted in the years that followed, Prince Albert the Second
reassessed his relationship with his once trusted advisor.
Speaker 2 (12:15):
In May twenty twenty three, you could sense that Albert
was changing his mind about Palmarrow, and just a month
later he had palace guards escored him out of his
office and out of the palace, and he's now basically
at war with his old employer. Palmarow and Prince Albert
have started to litigate and it's quite an incredibly tense
(12:39):
moment there. Also due to this, I can only describe
it as a divorce.
Speaker 3 (12:45):
Basically.
Speaker 2 (12:45):
You know, you've got the Prince who is saying in
a criminal complaint that supplored Palmrrow mismanaged his accounts. You've
got palm Merrow trying to bring basically Prince Albert to justice.
He's suing him him at the European Code of the
Human Rights to contest his dismissal, and he's even ladged
(13:06):
a criminal complaint against the Prince. It's really nasty.
Speaker 3 (13:09):
So all of this stuff is swirling around Prince Albert.
At the same time, you've got international watchdogs who want
to make sure that it's not a backdoor to financial crooks.
You've got another separate set of inspectors looking at the palace.
You've got your longtime advisor who's on the outs and
you're having investigated, and who is suing you. It's the
(13:32):
latest scandal for Albert, who's been on the throne for
nearly twenty years now, and when he took over, he
promised to clean up Monaco's reputation. The French riviera in
Monica in particular has long been known as a sunny
place for shady people. Well, Albert promised to reform that.
In fact, he hasn't. His reign has been tarred by
(13:53):
one scandal after another. The investigation of his nephews is
only the most recent one. The outside look by inspectors
adds enormous pressure on Prince Albert himself and his government
to finally, perhaps reform its ways.
Speaker 1 (14:16):
This has been the big take from Bloomberg News. I'm
Sarah Holder. This episode was produced by David Fox, who
was edited by Aaron Edwards. It was mixed by Ben O'Brien.
It was fact checked by David Fox. Our senior producers
are Naomi Shaven and Jill Duddy Carley. We get editorial
direction from Elizabeth Ponso, Nicole beemsterbor is our executive producer.
(14:39):
Sage Bauman is Bloomberg's head of podcasts. Thanks for listening.
Please follow and review The Big Take wherever you listen
to podcasts. It helps new listeners find the show. We'll
be back tomorrow
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Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
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If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.