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Arnold Schwarzenegger's alleged oversight on high-value watch sparks investigation

05:59 PM | 19 Jan, 2024
Arnold Schwarzenegger's alleged oversight on high-value watch sparks investigation
Source: Instagram

Hollywood star Arnold Schwarzenegger was detained at a German airport on allegations of not declaring a high-value timepiece intended for a charitable auction.

The Hollywood actor faced a three-hour delay at Munich airport, where an investigation into potential tax evasion was initiated, given that the luxury watch was slated for auction within the European Union (EU). Under EU regulations, individuals carrying "cash or certain valuable items" exceeding €10,000 (£8,580) are required to declare such assets.

Despite the regulation, sources revealed to CBS News that Schwarzenegger was not prompted to complete a declaration form. The actor, also known for his political career and environmental advocacy, eventually managed to settle the tax matter after encountering several obstacles. Technical issues with the initial card machine, coupled with the nearest bank closure and insufficient ATM withdrawal limits, led to delays. Customs officials had to bring a new card machine for the 76-year-old to complete the payment.

His spokesperson, in remarks to German tabloid Bild, characterized the airport incident as a "total comedy full of errors" that could potentially serve as material for a humorous police film. Despite the setbacks, an image published by Bild depicted a composed Schwarzenegger smiling and holding the watch box, accompanied by a note reading "For Austria."

Reports suggested that the watch, a custom creation by luxury brand Audemars Piguet for the Terminator star, was destined for auction at a fundraising dinner for The Schwarzenegger Climate Initiative in Kitzbuhel, Austria. The fundraising event, set to take place at the Stanglwirt Hotel, highlighted offerings like "artworks, signed exhibits, and experiences from the worlds of sports and film."

An auction listing for the watch, as reported by Bild, emphasized its exclusivity as one of only 20 in existence and featured an image of Arnold in his iconic pose with the words "Arnold Classic." Bids for this unique timepiece were slated to start at €50,000.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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