Briefly, it seems that Le Chiffre is on the brink of a financial crisis. Certain straws in the wind were noticed by 1860 – some discreet sales of jewellery, the disposal of a villa at Antibes, and a general tendency to check the loose spending which has always been a feature of his way of life. Further inquiries were made with the help of our friends of the DeuxiŠme Bureau (with whom we have been working jointly on this case) and a curious story has come to light.
In January 1946, Le Chiffre bought control of a chain of brothels, known as the Cordon Jaune, operating in Normandy and Brittany. He was foolish enough to employ for this purpose some fifty million francs of the moneys entrusted to him by Leningrad Section III for the financing of SODA, the trade union mentioned above.
Normally the Cordon Jaune would have proved a most excellent investment and it is possible that Le Chiffre was motivated more by a desire to increase his union funds than by the hope of lining his own pocket by speculating with his employers’ money. However that may be, it is clear that he could have found many investments more savoury than prostitution, if he had not been tempted by the byproduct of unlimited women for his personal use.
Fate rebuked him with terrifying swiftness.
Barely three months later, on 13 April, there was passed in France Law No. 46685 entitled Loi Tendant … la Fermeture des Maisons de Tol‚rance et au Renforcement de la Lutte contre le Prox‚nitisme.
(When M came to this sentence he grunted and pressed a switch on the intercom.
‘Head of S.?’
‘Sir.’
‘What the hell does this word mean?’ He spelt it out.
‘Pimping, sir.’
‘This is not the Berlitz School of Languages, Head of S. If you want to show off your knowledge of foreign jawbreakers, be good enough to provide a crib. Better still, write in English.’
‘Sorry, sir.’
M released the switch and turned back to the memorandum.)
This law [he read] known popularly as ‘La Loi Marthe Richard’, closing all houses of ill-fame and forbidding the sale of pornographic books and films knocked the bottom out of his investment almost overnight and suddenly Le Chiffre was faced with a serious deficit in his union funds. In desperation he turned his open houses into maisons de passe, where clandestine rendezvous could be arranged on the border-line of the law, and he continued to operate one or two cin‚mas bleus underground, but these shifts in no way served to cover his overheads, and all attempts to sell his investment, even at a heavy loss, failed dismally. Meanwhile the Police des Mours were on his trail and in a short while twenty or more of his establishments were closed down.
The police were, of course, only interested in this man as a big-time brothel-keeper and it was not until we expressed an interest in his finances that the DeuxiŠme Bureau unearthed the parallel dossier which was running with their colleagues of the police department.
The significance of the situation became apparent to us and to our French friends and, in the past few months, a veritable rat-hunt has been operated by the police after the establishments of the Cordon Jaune, with the result that today nothing remains of Le Chiffre’s original investment and any routine inquiry would reveal a deficit of around fifty million francs in the trade union funds of which he is the treasurer and paymaster.
It does not seem that the suspicions of Leningrad have been aroused yet but, unfortunately for Le Chiffre, it is possible that at any rate SMERSH is on the scent. Last week a high-grade source of Station P reported that a senior official of this efficient organ of Soviet vengeance had left Warsaw for Strasbourg via the Eastern sector of Berlin. There is no confirmation of this report from the DeuxiŠme Bureau, nor from the authorities in Strasbourg (who are reliable and thorough) and there is also no news from Le Chiffre’s headquarters there, which we have well covered by a double agent (in addition to 1860).
If Le Chiffre knew that SMERSH was on his tail or that they had the smallest suspicion of him, he would have no alternative but to commit suicide or attempt to escape, but his present plans suggest that while he is certainly desperate, he does not yet realize that his life may be at stake. It is these rather spectacular plans of his that have suggested to us a counter-operation which, though risky and unconventional we submit at the end of this memorandum with confidence.