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Banksy Lithograph Confiscated in Drug Trafficking Case
A drug trafficker's use of a Banksy lithograph as an asset for money laundering leads to its confiscation and eventual state custody.
Italian
Italy
EntertainmentInvestigationCrimeLawArtMoney Laundering
Milan Court Of AppealArt3035GalleryDynamic Art MuseumCarabinieri's Cultural Heritage Protection Unit
Andrea DeianaPaola PirottaSilvia BonardiCecilia Vassena
- What does this case highlight?
- The case highlights the use of high-value art in illicit financial activities. The artwork's movement across various countries underscores the challenges in tracking assets used for money laundering.
- How did Deiana use the Banksy lithograph?
- Deiana used the Banksy lithograph as a type of asset, using it to settle debts among narcotics traffickers. The artwork was bought for \u20ac500,000 and later resold multiple times for varying amounts.
- What happened to the Banksy lithograph after Deiana's arrest?
- After Deiana's arrest, the Banksy lithograph was given to the Dynamic Art Museum in Milan. It was then sold to Swiss collectors for \u20ac250,000. The lithograph will now be held by the Carabinieri's Cultural Heritage Protection Unit.
- What was the purchase and resale history of the Banksy lithograph?
- The lithograph was initially purchased for \u20ac500,000, insured for \u20ac2,000,000, and then resold multiple times in Italy and Switzerland. Its value was leveraged for money laundering purposes.
- What was the sentence given to Andrea Deiana and what was confiscated?
- Andrea Deiana, a drug trafficker, was sentenced to 12 years in prison by the Milan Court of Appeal. A Banksy lithograph, used by Deiana as collateral for drug debts, was confiscated.