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Scotland Yard's Sir Charles Braithwaite discovers that the loot from the Great Train Robbery is being used to finance an even bigger caper and that one of his men may be in collusion with the robbers. He decides to call in Inspector Clouseau of Paris, despite the inspector's reputation as a bungler. Proceeding with confidence, Clouseau goes to the Wormwood Scrubs Prison barbershop to question a captured member of the gang, Addison Steele, while he is giving the warden's mincing son, Clyde, a haircut. There Clouseau is chloroformed, and Steele escapes. The next day, after being outfitted with the latest spy equipment, Clouseau visits the home of Superintendent Weaver and his amorous wife. They attend a local fair, and there Clouseau enters several contests and accidentally kills a gang member sent to murder him. The following evening, Clouseau trails the Weavers' attractive maid, Lisa, to an inn but ends up being drugged by two voluptuous women so that a plaster cast can be made of his face. Upon regaining consciousness, he pursues the two women so exuberantly that he causes a bed to collapse, thereby eliminating another gang member. Sent by Braithwaite to France, Clouseau again meets Lisa and learns that she is an INTERPOL agent also working on the case. Meanwhile, the gang, using their Clouseau masks, simultaneously have robbed 13 banks in Switzerland and hidden the money in candy wrappers loaded aboard a Rhine barge. Although Clouseau eventually kills the Scotland Yard traitor (Weaver) in a free-for-all, both he and Lisa end up on the barge as prisoners of the gang leader, the mincing Clyde. After rejecting a bribe, Clouseau inadvertently sinks the barge by burning a hole in it with his laser beam lighter. The police move in to capture the gang and recover the money, and Clouseau is decorated for his achievement. When he flies to Paris for a rendezvous with Lisa, however, he finds himself seated next to the predatory Mrs. Weaver. The indomitable Inspector Clouseau parachutes from the plane.