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Ex-Kiabi Treasurer Freed Under Electronic Monitoring in €100 Million Diversion Case as German Bank Strikes Confidential Deal

The confidential settlement with the German bank marks a key step toward tracing and recovering the allegedly diverted funds.

Overview

  • Aurélie B., arrested in August 2024 in Corsica, was released under an electronic bracelet after roughly 18 months in pre-trial detention, according to multiple reports.
  • Paris prosecutors confirm her former partner, ex-footballer Clément D., has been indicted for organized money laundering, holds assisted-witness status on fraud counts, and remains under judicial supervision.
  • Kiabi says it signed a confidential transactional agreement with Volksbank Düsseldorf Neuss eG, which both sides describe as avoiding lengthy litigation and helping recovery efforts.
  • Investigators traced flows from the German account to Turkey and into three Miami purchases, with reporting indicating the properties have since been sold and placed under sequestration.
  • The company discovered the missing €100 million in 2024 when seeking to redeem a 2023 placement, and cross-border asset-tracing and court proceedings continue with a hearing expected in June.