PARIS, France — A gang of five armed robbers launched a spectacular raid on the world famous Ritz hotel in Paris Wednesday, making off with an estimated four million euros worth of jewels, investigators said. Three of the gang were detained at the scene but two remained at large as of Thursday evening, a police source said. A judicial source put the value of the jewels seized at “more than four million euros” ($4.75 million). In March 2016, two robbers stole an estimated six million euros worth of jewels from luxury fashion brand Chopard after threatening employees with a gun and grenade. One of the robbers, fleeing the scene on a bicycle, dropped a diamond-encrusted cross worth 30,000 euros, which was found by a passer-by a few hours later.

Source: Philippine Daily Inquirer January 10, 2018 23:48 UTC