Luxembourg entrepreneur Flavio Becca, pictured left, could stand trial for abuse of company assets and money laundering. Photo: Luc Deflorenne/archives
The Court of Cassation has dismissed Luxembourg entrepreneur Flavio Becca's appeals in the case of “luxury watches” found at his home during a search in 2011.
RTL indicated on Tuesday that Flavio Becca's appeals have been rejected by the Court of Cassation in response to two appeals filed in response to two judgments handed down last July by the Council Chamber of the Court of Appeal.
This rejection paves the way for a trial in which the businessman will have to answer charges of misuse of company assets and money laundering, according to RTL.
A collection, gifts or illegal use?
The evidence in question dates back to a search conducted in September 2011 at Flavio Becca's home in the middle of the Wickrange/Livange case.
The investigators discovered luxury watches in their original packaging, as indicated by the “Land” newspaper at the time. They were allegedly acquired through Mr Becca's companies, without any a priori connection to their activities.
What were these watches used or intended for? The trial, whose date has not yet been set, will have to shed light on these issues.
At the time, Flavio Becca was confident and hoped he the case against him would be dismissed. He responded: “The investigation concluded that all the rumours that may have circulated in the past, concerning discounts (for watches, editor's note) as gifts or even corruption in favour of decision-makers of any kind in Luxembourg or abroad, are without any foundation. In other words, all the watches purchased could be found and inventoried by the judicial police and therefore were not used for any generally unspeakable purpose.”
The case dates back to the Wicktrange/Livange real estate projects that never saw the light of day. Becca proposed to construct a new national football stadium and a shopping centre in Livange. Construction on a new stadium has since begun at the edge of Cloche d’Or.
In Wickrange, developer Guy Rollinger wanted to build a shopping centre on a greenfield site.
Today in Wickrange, the Giorgetti group is planning to construct housing, restaurants, a medical centre, shops and a car city, selling luxury vehicle brands including Ferrari, McLaren and Rolls-Royce.