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.
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