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Fight over 'missing' USD 50 mn pink diamond gets rough

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AFP Geneva
Last Updated : Apr 02 2014 | 12:45 AM IST
The mystery behind the disappearance of a USD 50 million diamond from a Geneva-based storage firm deepened today, as the company accused of losing the jewel branded the alleged victim a con-man.
The Geneva prosecutor's office confirmed today it had opened an investigation into the alleged disappearance of a 50.66-carat pink diamond being held by storage and transport firm Malca-Amit.
"Malca-Amit denies any involvement in the alleged disappearance of the diamond and is fully cooperating with authorities," the company's Geneva manager Francisco Bautista told AFP, blaming the South African-Guinean diamond trader who had filed the suit.
Sylla Moussa, head of the Johannesburg-based Sylla Diamond International, told AFP he had filed a complaint against the company last September after the gem vanished.
"They are a bunch of thieves," Moussa told AFP, insisting he would not leave Geneva until he had found his jewel.
"I just want my diamond back," he said in a telephone interview.

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Moussa insists he placed the large, rectangular diamond in storage with Malca-Amit in 2007 as he waited to sell it for the best possible price.
But when he wanted to see his gem last August, he was told it had been transferred to a South African businessman, Moti Abbas, who Moussa claims is the mastermind behind the "crime".
That transfer, he lamented, happened despite a storage agreement he signed with Malca-Amit on August 16 2007, stipulating he was the only owner of the stone.
Malca-Amit however tells a very different story, alleging that Moussa had given the diamond to Abbas in 2008 in payment for a debt, and so it was no longer stored under his name.
"Moussa came to Malca-Amit in Geneva and personally delivered the diamond to Abbas, in the presence of witnesses," the firm said in a statement, adding that Abbas had returned the gem to storage under his own name.
"Needless to say, since Moussa had not been the party storing the diamond since 2008, he was unauthorised to issue any instructions concerning it," it stressed.
Bautista, who said Malca-Amit no longer had the diamond, also pointed to reports in South African media alleging that Moussa had been charged with defrauding a bank, as well as with fraud, theft and money laundering.

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First Published: Apr 02 2014 | 12:45 AM IST

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