PARIS, France (AFP) — The Saudi prince who fell victim to a spectacular armed raid in Paris, losing 250,000 euros in the process, was the youngest son of the former King Fahd with something of a globetrotting playboy reputation, it emerged yesterday.

Sources at Le Bourget airport, where the prince’s private jet was waiting, and police sources told AFP the victim was Abdul Aziz Bin Fahd, the multimillionaire son of King Fahd, who died in 2005.

The 41-year-old prince was the victim of a brazen heist on the Paris ring road on Sunday night when a gang of five to eight heavily armed bandits hijacked the lead car of his 10-car convoy and drove off with three aides.

The gang stole 250,000 euros (US$335,000) and documents, but released the aides and later torched the prince’s Mercedes and one of their own cars in a village northeast of Paris.

Investigators said the professionalism of the raid pointed to a possible inside job.

“They must have had accomplices to have been so well informed, that’s clear,” said one source close to the probe.

“They sure weren’t amateurs,” added this source, stressing: “They didn’t choose that location by chance.”

“There is no light and probably poor video surveillance there,” the source added. Investigators were impressed by the speed of the attack and the fact they knew exactly which car to hit.

“There aren’t that many groups capable of such an attack. We know from the way they acted that they were more than small-time bandits — more so from than the amount of money they stole,” said one investigator.

Meanwhile, considerable mystery continued to swirl around the heist, worthy of a Hollywood movie.

Local daily Le Parisien said the documents taken in the attack were “sensitive” diplomatic documents but a police source told AFP this was not certain.

The Saudi embassy in Paris has remained tight-lipped about the affair but put out a statement that was carried on the official news agency in Saudi Arabia, stressing the vehicle was “hired by a Saudi citizen” and was not an embassy car.

The prince was apparently already at the airport in Le Bourget, north of Paris, when the convoy was attacked. Despite the raid, he took off for an unknown destination.