Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Kim Kardashian jewel heist trial starts in Paris

    Published by Global Banking and Finance Review

    Posted on April 28, 2025

    Featured image for article about Headlines

    By Elizabeth Pineau

    PARIS (Reuters) -A group of men dubbed the "grandpa gang" were among ten suspects who went on trial on Monday on charges of robbing reality TV star Kim Kardashian at gunpoint and stealing jewelry worth millions of dollars during Paris Fashion Week in 2016.

    Several of the accused are now in their late sixties or seventies. They spoke one after the other in the central Paris courtroom to confirm their identity and occupation - many of them saying they were retired.

    Kardashian will travel to Paris in May to give evidence in the trial, her lawyer said. She is expected to speak on May 13. The verdicts could be announced on May 23.

    The suspects, wearing ski masks and clothes with police markings, tied up the billionaire celebrity with zip ties and duct tape, before making off with a $4 million engagement ring given to her by her then-husband, rapper Kanye West (now known as Ye), and other jewels, according to investigators.

    "They kept on saying 'the ring, the ring'," Kardashian told David Letterman in a 2020 interview, during which she fought back tears as she recalled her fears of being raped that night.

    "I kept looking at the concierge," she continued, referring to the concierge of the exclusive building who had been forced at gunpoint to lead the gang to her apartment. "I was like, 'Are we gonna die? Just tell them I have children, I have babies ... I have to get home'."

    DNA traces found on plastic bands used to tie the wrists of Kardashian helped police make arrests the following January.

    In total, nine men and one woman will be tried by the criminal court. Five of them - all men - face armed robbery and kidnapping charges and potentially risk being sentenced to life imprisonment. The others are charged with complicity in the heist or the unauthorised possession of a weapon.

    One of the accused, Yunice Abbas, 71, has admitted his participation in the robbery - writing a book about his role. Abbas, who had spent 20 years of his working life in jail, told French television channel TF1 the "big job was to be the last".

    He said he had been told a big diamond was the target but not the "The Kardashians" star.

    Chloe Arnoux, a lawyer representing 68-year-old Aomar Ait Khedache - nicknamed "Omar the Old" and accused of being the group's ringleader - which he denies - said her client could end up spending the rest of his life in prison due to his age.

    She said in an interview with BFM TV that he had written to Kardashian to apologise, but his letter had been intercepted by officials.

    As the robbers escaped on foot or with bikes, they lost some of the jewelry, including a cross with six diamonds, which a passerby found in the street and brought to the police. But most of the jewels, including the $4 million ring, were never found.

    One of the suspects is dead and another is too ill to be put on trial at this time, prosecutors said.

    (Reporting by Elizabeth Pineau; additional reporting by Juliette Jabkhiro, Makini Brice; Writing by Richard Lough and Ingrid Melander; Editing by Helen Popper and Ros Russell)

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe