Change Edition

Top five stories you may have missed

Top five stories you may have missed

3 min. 03.04.2021
In case you missed them the Luxembourg Times has selected the best stories of the week for you
Alter Domus headquarters in the Cloche d'Or business district in Luxembourg City
Alter Domus headquarters in the Cloche d'Or business district in Luxembourg City
Photo credit: Guy Jallay

Police search Alter Domus, others in broad LFP I probe

Police searched the offices of Alter Domus and a number of other financial companies in Luxembourg, the prosecutor's office has told the Luxembourg Times, as part of a criminal investigation into a now defunct commodities fund.

The search came after a request from authorities for information about Columna, a fund within investment company LFP I, a person with direct knowledge of the situation said. Alter Domus bought the management company of LFP I in 2017, renaming it Alter Domus Management Company.  

Parliament working on lobby register to improve transparency

Parliament is set to work on a lobby registry law on Tuesday, proposed by an opposition legislator, as both transparency issues and parliamentary processes come under increased scrutiny in the Grand Duchy, with lawmakers saying that many rules are murky and difficult to enforce.

External advisors would, according to the proposal, need to register publicly if they assist parliamentarians in their work in the closed-door committees where legislation is fleshed out before it is put to a vote in the plenary.  

PwC wins legal case in setback for LuxLeaks journalist  

The French reporter who first broke the LuxLeaks tax scandal lost a court case in which he had sought better protection of journalistic sources by anulling a 2014 search warrant at the home of one of the two whistleblowers.

A court of appeal in Metz rejected the request of Edouard Perrin, saying he had no personal grounds for claiming that the search of former PwC employee Raphael Halet's home violated the protection of his sources, the court said, even though Halet's computer revealed emails exchange with the journalist.

International drug investigation leads to arrests and seizures in Luxembourg 

Police made four arrests, seized cash and property and froze bank accounts in Luxembourg tied to a drug gang's attempts to launder profits from selling illegal drugs, an  EU law enforcement agency said.

Police searches last week targeted an unnamed organised crime group which specialised in drug trafficking and money laundering, according to Eurojust.  The gang had set up an elaborate scheme to launder substantial sums of cash gained through the large-scale sale of cocaine in France, Eurojust said.

Lawmakers vote to reopen terraces even as cases rise  

Lawmakers on Thursday voted to open outdoor terraces for eating and drinking next week, providing some relief from the social restrictions that have been in place for more than a year, despite warnings that an extra-contagious variant of coronavirus is spreading in Luxembourg.

Reopening terraces from 7 April would be a "symbolically important step", Prime Minister Xavier Bettel said last week, although other measures such as an overnight curfew, limits on social gatherings as well as a ban on indoor seating in restaurants and cafes will remain in place.

The Luxembourg Times has a new LinkedIn page, follow us here! Get the Luxembourg Times delivered to your inbox twice a day. Sign up for your free newsletters here.