SEIZED ARTWORKS\u00a0<\/p>\n
Set up in 2009 by former Malaysian Prime Minister Najib Razak to promote economic development, the 1MDB scandal contributed to the ouster of Malaysia\u2019s long-ruling Barisan Nasional (BN) government in 2018 and implicated several global financial institutions including Swiss bank BSI and Goldman Sachs.\u00a0<\/p>\n
The four paintings, currently in transit on their way to Putrajaya, are valued at\u00a0nearly\u00a0US$140,000 combined, Azam said – making them \u201camong the (most) valuable art assets successfully recovered so far\u201d.\u00a0<\/p>\n
They include a 1961 circus-themed painting by Pablo Picasso titled \u201cL\u2019Ecuy\u00e8re et les clowns\u201d (The Horsewoman and the Clowns) – believed to be worth between US$5,000 to US$7,000.<\/p>\n
MACC also plans to utilise the Mutual Legal Assistance (MLA) mechanism to recover the remaining artworks still under Christie\u2019s custody – a provision that facilitates international cooperation in gathering evidence, seizing assets and taking witness statements for criminal cases.<\/p>\n
The artworks are expected to be displayed to the public as a symbol of the country\u2019s enforcement success before further action is taken – which will also include potential auctions to return proceeds to the government, the Malay Mail reported.<\/p>\n
MACC is expected to hand over the paintings to the National Art Gallery\u00a0in Kuala Lumpur, the Malay Mail said.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"SEIZED ARTWORKS\u00a0 Set up in 2009 by former Malaysian Prime Minister Najib Razak to promote economic development, the…\n","protected":false},"author":2,"featured_media":369447,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[177852,437,434,435,436,438,146,85,46,12437,4608,125232],"class_list":["post-369446","post","type-post","status-publish","format-standard","has-post-thumbnail","category-arts-and-design","tag-1malaysia-development-berhad","tag-arts","tag-arts-and-design","tag-artsanddesign","tag-artsdesign","tag-design","tag-entertainment","tag-il","tag-israel","tag-malaysia","tag-painting","tag-seized"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/369446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=369446"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/369446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/369447"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=369446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=369446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=369446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}