US ART DEALER CHARGED IN $145 MILLION SMUGGLING RING

The Business Times and others on 11th July reported that Subhash Kapoor, 70, a former New York art dealer who the authorities describe as one of the world’s largest smugglers of antiquities, was charged with running a multinational ring that trafficked in thousands of stolen objects, valued at more than $145 million, over 30 years.  He is currently jailed in India, where he has been awaiting trial on similar charges for nearly 8 years.  Some 2,600 antiquities, valued at more than $107 million, have been seized from storage locations Kapoor controlled in New York during a decade-long investigation, with objects from Afghanistan, Cambodia, India, Nepal, Pakistan and Thailand.  Kapoor was charged along with 7 co-conspirators, most of them overseas, who would also require extradition to the US.

https://www.businesstimes.com.sg/life-culture/us-art-dealer-charged-in-us145m-smuggling-ring

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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