The staged heist of AUS$2.8 million (NZ$3 million) in jewellery taken from a high-end city store was planned ahead of an attempted insurance fraud by an owner weighed down with debt. A jury on Wednesday was told Michel Germani staged the robbery of his store in January 2023, having owed more than AUS$184,000 (NZ$199,500) in unpaid rent to Sydney’s Hilton Hotel.
