Henri Paul - Conspiracy Theories - Personal Finances

Personal Finances

It was found after Paul's death that he was in possession of a large sum of money on his person and had a large personal fortune that far surpassed his expected income held in fifteen separate bank accounts. It was alleged this could only have been as a result of payment from an illicit source, supposedly a national security service.

According to his best friend, Claude Garrec, the large quantity of cash found in his pockets, FF12,565 (approximately equivalent to £1,250 or US$2,500) could be attributed to a requirement of his job to run errands for wealthy guests at the Ritz Hotel when required. A large quantity of cash would need to be on hand to perform errands at short notice as wealthy people are known to often not carry cash. Paul also received large tips for performing these errands. His mother told of an occasion when Paul received FF5,000 (£500 or US$1,000) as a tip from a relative of an Arab Prince for shopping for some luxury textiles for her. Such four-figure tips were not a rare occurrence for him during his eleven years at the Paris Ritz.

Operation Paget concluded that the cash and the money in his bank accounts was unlikely to have come from any national security service as there was no evidence in his bank accounts of attempts to disguise money coming from a clandestine source and there was no opportunity for him to begin to implement any plan instructed to him in return for payment on the night of the accident. Furthermore, he was a 41 year old single man with no dependents who had worked all his adult life and owned property which he let out to tenants and this was a possible explanation for the FF1,700,000 (approximately £170,000 or US$340,000) that made up his personal wealth at the time of his death. The large number of bank accounts he had his money deposited in is not uncommon in France, where banks will routinely open several accounts for different purposes, all to serve one customer.

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