Parmalat founder's hidden art trove seized

  • December 06, 2009 09:19

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Artwork owned by Parmalat founder Tanzi.

Authorities say they have retrieved artwork owned, and concealed, by Calisto Tanzi, the Parmalat founder who is accused of fraud in the Italian company's 14 billion-euro collapse in 2003. The 19 paintings and drawings, including works by Picasso, Monet, Cezanne, and Van Gogh, are worth more than 100m euros ($149 million; £90m), and were hidden in houses belonging to friends. Phone taps revealed a Russian billionaire was about to buy Monet's Cliff Walk at Pourville for 10m euros ($14.8m)...

Read more at BBC News


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