Read below for more news from Switzerland recently. The latest news is that Franck Muller is calling for the closing of the company. Just close it? What about the many thousands of people with watches under warranty? I guess they don't care.
The Franck Muller watch group is getting into very big trouble. You should contact the authorities if you have purchased a Franck Muller watch because you may have been defrauded. This company will go out of business. Their fate is now sealed, and they have ripped off thousands and thousands of innocent victims.
INDUSTRY NEWS Franck Muller Russian Movement Admission! Dec 19 - 02:18 PM
Notwitstanding the fact that both Mr. Franck Muller and Vartan Sirmakes (co-owners of Franck Muller Watchland FM, Pierre Kunz, ECW) are suing each other in court for breach of trust, now the saga of the Russian movements has turned a new page.
After the Geneva newspaper Le Temps reported that FM Watchland ordered thousands of Russian made movements, Vartan Sirmakes denied it and sued the newspaper for libel.
Now, according to the research done by another Swiss newspaper, Le Matin, documents have been unearthed that show that indeed Mr. Sirmakes purchased from Poljot, 1,500 movements. A contract dated 1994 and signed by Mr. Sirmakes' other company, Technowatch, shows the purchase order to Poljot for the movements states that these will be deprived of any engraving marks that will identify them as Poljot!
Vartan Sirmakes denies vigorously that these movements ended up in Franck Muller cases, and gives an other explanation for their use: "Yes, it sometimes happens that we order Russian, Japanese or Chinese movements. But we used them for research, to know what the competitors are making. There is nothing but Swiss movements in the watches of the Franck Muller group".
Watch specialists find it astonishing that 1,500 movements were purchased simply to study them!
As usual, I will keep you posted on developments of this ongoing saga.
Thanks.
Jorge.
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