Italian Police Seize Modigliani and Picasso Works Belonging to Architect of ‘Putin’s Palace’

Italian authorities seized artworks and different helpful properties from Lanfranco Cirillo, the architect who designed what’s dubbed “Putin’s Palace.” The big luxurious property on the Black Sea allegedly belongs to Putin, although he and Cirillo have each denied that.

The Artwork Newspaper reported that authorities confiscated $144 million value of helpful property akin to jewellery and money, in addition to 150 items of artwork, together with works by Modigliani and Picasso.

Cirillo has been accused of assorted offenses, owing some 50 million euros ($51 million) in taxes. He’s additionally being investigated for cash laundering. The seizure of his property comes on the heels of some purchases that tipped off authorities that Cirillo might have faked his transfer to Moscow, the place he was granted citizenship, with a purpose to evade taxes.

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The Boboli Gardens (Italian: Giardino di

“Specifically, the skilled is beneath investigation for not declaring earnings for tens of hundreds of thousands of euros from 2013 to 2019, whereas sustaining in Italy the middle of his household, emotional and economic-patrimonial pursuits,” stated a press release from the Guardia di Finanza, the arm of Italian regulation enforcement that offers with monetary crimes.

His lawyer, Stefano Lojacono, denies this declare.

“The architect, who’s in Moscow, may be very disenchanted [that] the truth that he purchased some prestigious properties and artistic endeavors in Italy—and offered for his spouse and daughter—at the moment are getting used to argue that he faked his transfer overseas,” stated Lojacono in a statement.

The destiny of the seized artworks will stay in limbo till Cirillo’s case is concluded.

“In accordance with typical observe, if the court docket points a responsible verdict [pending a trial] that’s deemed to be conclusive, the artistic endeavors shall be confiscated by the state and in the end entrusted to Italian museums,” stated Marco Tolla of the Guardia di Finanza in an interview with the Artwork Newspaper.

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