Dutch diamond dealer found guilty over staged €4.1m armed robbery

Mischa van Gelder let men into his vault, let them tie him up and claimed stolen stones' value on insurance

One of the most renowned diamond dealers in the Netherlands has been convicted of fraud and money laundering after staging an armed robbery of 4.1m (3.4m) diamonds from one his stores as part of an insurance scam.

Mischa van Gelder, 55, told a court in Amsterdam that he now found his plot incomprehensible" but that he had been motivated by financial difficulties when he hatched it with three other men in 2016.