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Bloomberg

Monaco Government ‘Favored' Prince's Nephews, Official Testified

By and Gaspard Sebag Save For the past five years, a criminal inquiry in Monaco has quietly sought to answer a delicate question: Did the government of Prince Albert II improperly award a state contract to the ruler's two nephews? As Bloomberg Businessweek reported last year, the probe has uncovered evidence that a government official opened a back channel with the nephews' helicopter company, Monacair, giving it precise details about what it needed to do in order to win the rights to an important route, while a top palace official worked on their behalf before and after the contract was signed.