In Moscow in 1983, an American journalist interviews Guy Bennett, who recalls his last year at public school, fifty years before, and how it contributed to him becoming a spy.
The Pink Panther diamond is stolen once again from Lugash and the authorities call in Chief Inspector Clouseau from France. His plane disappears en-route. This time, famous French TV reporter Marie Jouvet sets out to solve the mystery and starts to interview everybody connected to Clouseau.