BANK'S JEWELS.
Strange Sequel to French Scandal. 'FINANCE' WITH FAKED BONDS (Received 12 noon.) PARIS, January 2. The police declare that Tissier, a director of the Bayonne Banque Credit Municipal, who is charged with issuing false bonds to the amount of £3,000,000 in the course of a gigantic financial swindle, has now confessed that the bank lost hundreds of thousands of francs' worth of jewels lodged in security for loans.
It is suspected that these jewels were sold to pay interest on authentic bonds till the faked bonds were marketed.
The police are searching for a mysterious Russian or Pole, alleged to be the organiser of the fraud, which is already styled "the new Kreuger affair." There is much speculation as to the identity of an influential politician, whose intervention is alleged to have delayed the arrest of Stavisky, head of the bank, enabling him to leave the countrv. His safe deposit in Bayonne is supposed to contain priceless jewels and is to be opened.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19340103.2.67
Bibliographic details
Auckland Star, Volume LXV, Issue 2, 3 January 1934, Page 7
Word Count
165BANK'S JEWELS. Auckland Star, Volume LXV, Issue 2, 3 January 1934, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.