Just when you thought it was safe to go back to the movies.
Chief Inspector Jacques Clouseau is dead. At least that is what the world—and Charles Dreyfus—believe when a dead body is discovered in Clouseau's car after being shot off the road. Naturally, Clouseau knows differently and, taking advantage of not being alive, sets out to discover why an attempt was made on his life.
When the coach of the France soccer team is killed by a poisoned dart in the stadium in the end of a game, and his expensive and huge ring with the diamond Pink Panther disappears, the ambitious Chief Inspector Dreyfus assigns the worst police inspector Jacques Clouseau to the case.
The famous Pink Panther jewel has once again been stolen and Inspector Clouseau is called in to catch the thief. The Inspector is convinced that 'The Phantom' has returned and utilises all of his resources – himself and his Asian manservant – to reveal the identity of 'The Phantom'.