US museum to return 'stolen' artwork bought from Indian dealer

April 5, 2015

Boston, Apr 5: One of the US' prestigious art museums will hand over to American authorities a rare mid-19th century Tanjore portrait bought from notorious art dealer Subhash Kapoor accused of trafficking stolen antiquities from India.

The Peabody Essex Museum in Massachusetts yesterday announced that it will hand over the Indian artwork to the Department of Homeland Security as part of the government's ongoing investigation into an alleged international art fraud enterprise.

US museumThe artwork titled 'Maharaja Serfoji II of Tanjavur and his son Shivaji II' was purchased by the Museum from Kapoor's New York gallery in 2006 for USD 35,000, the Boston Globe reported.

The Peabody Essex is the second US museum to voluntarily agree to relinquish a work of art linked to the dealer.

Earlier this week, the Honolulu Museum of Art returned seven pieces purchased from Kapoor following a probe during which it emerged that the objects had been stolen from temples and ancient Buddhist sites in India and brought to the US illegally.

Kapoor was arrested in 2011 in Germany on charges of trafficking in looted Indian antiquities. He was extradited to India and is awaiting trial. He has pleaded not guilty.

Peabody Essex Museum director Dan L Monroe said the allegations of Kapoor's art trafficking have created "shock waves" around the world.

"It involves a substantial number of art museums, and they're not just in the US," he said, adding that he knew of 18 museums with pieces linked to Kapoor in their collections.

Monroe said the the Museum has been working with Homeland Security Investigations, a division of the federal department, since Kapoor's arrest at the airport in Frankfurt in 2011.

"We took a proactive role to notify the Department of Homeland Security of all works we had through gift or purchase from Kapoor," said Monroe.

Monroe said Kapoor first established his relationship with the Peabody Essex by donating works to the collection.

"He made several gifts to the museum and then eventually offered works for purchase," Monroe said.

He said the Peabody-Essex collection still has "six or seven" of Kapoors works, which federal investigators have told the museum do not appear to have been improperly acquired.

Luis Martinez, a public affairs officer with the Bureau of Immigration and Customs Enforcement, said the investigation known as Operation Hidden Idol has already recovered approximately 1,000 items, worth an estimated USD 150 million, linked to Kapoor, the daily reported.

While some of the works are more recent, many are much older, including a second-century BC pillar sculpture valued at nearly USD 18 million and a 2,000-year-old terra cotta rattle.

"It is the largest seizure that HSI has made from an individual," said Martinez, who added that investigators have identified approximately 2,000 pieces linked to Kapoor that they suspect were looted.

He noted that many of the works are in museums and private collections. "A lot of these museums are victims themselves," he said.

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News Network
May 29,2020

Karachi, May 29: Investigators and rescue officials have found around Rs 3 crore in cash in the wreckage of the Pakistan International Airlines' aircraft that crashed wth 99 people on board, killing 97 people, including nine children.

Flight PK-8303 from Lahore to Karachi crashed in a residential area near Karachi International Airport on Friday, with only two passengers miraculously surviving the crash.

Investigators and rescue officials have found currencies of different countries and denominations worth around Rs 30 million from the aircraft's wreckage, an official said on Thursday.

"An investigation has been ordered into how such a huge amount of cash got through airport security and baggage scanners and found its way into the ill-fated flight," the official said.

He said that the amount was recovered from two bags in the wreckage.

"The process of identifying the bodies and their luggage which will be handed over to their families and relatives is going on," he said.

A total of 97 people including the aircraft crew died in the crash, one of the most catastrophic aviation disasters in Pakistan's history.

A government official said on Thursday that the identification of 47 bodies had been completed, while 43 bodies were handed over for burial.

Friday's accident was the first major aircraft crash in Pakistan after December 7, 2016 when a PIA ATR-42 aircraft from Chitral to Islamabad crashed midway. The crash claimed the lives of all 48 passengers and crew, including singer-cum-evangelist Junaid Jamshed.

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News Network
April 26,2020

Washington/Seoul, Apr 26: A special train possibly belonging to North Korean leader Kim Jong Un was spotted this week at a resort town in the country, according to satellite images reviewed by a Washington-based North Korea monitoring project, amid conflicting reports about Mr. Kim's health and whereabouts.

The monitoring project, 38 North, said in its report on Saturday that the train was parked at the “leadership station” in Wonsan on April 21 and April 23. The station is reserved for the use of the Kim family, it said.

Though the group said it was probably Kim Jong Un's train, Reuters has not been able to confirm that independently, or whether he was in Wonsan.

“The train's presence does not prove the whereabouts of the North Korean leader or indicate anything about his health but it does lend weight to reports that Kim is staying at an elite area on the country's eastern coast,” the report said.

Speculation about Mr. Kim's health first arose due to his absence from the anniversary of the birthday of North Korea's founding father and Mr. Kim's grandfather, Kim Il Sung, on April 15.

North Korea's state media last reported on Mr. Kim's whereabouts when he presided over a meeting on April 11.

China has dispatched a team to North Korea including medical experts to advise on Kim Jong Un, according to three people familiar with the situation.

A third-generation hereditary leader who came to power after his father's death in 2011, Kim has no clear successor in a nuclear-armed country, which could present major international risk.

On Thursday, U.S. President Donald Trump downplayed reports that Mr. Kim was ill. “I think the report was incorrect,” Mr. Trump told reporters, but he declined to say if he had been in touch with North Korean officials.

Mr. Trump has met Mr. Kim three times in an attempt to persuade him to give up a nuclear weapons program that threatens the United States as well as its Asian neighbors. While talks have stalled, Mr. Trump has continued to hail Mr. Kim as a friend.

Reporting from inside North Korea is notoriously difficult because of tight controls on information.

A Trump administration official said continuing days of North Korean media silence on Mr. Kim's whereabouts had heightened concerns about his condition, and that information remained scant from a country U.S. intelligence has long regarded as a ”black box.”

The U.S. State Department did not immediately respond to questions about the situation on Saturday.

Daily NK, a Seoul-based website that reports on North Korea, cited one unnamed source in North Korea on Monday as saying that Kim had undergone medical treatment in the resort county of Hyangsan north of the capital Pyongyang.

It said that Mr. Kim was recovering after undergoing a cardiovascular procedure on April 12.

Since then, multiple South Korean media reports have cited unnamed sources this week saying that Mr. Kim might be staying in the Wonsan area.

On Friday, local news agency Newsis cited South Korean intelligence sources as reporting that a special train for Mr. Kim's use had been seen in Wonsan, while Mr. Kim's private plane remained in Pyongyang.

Newsis reported Mr. Kim may be sheltering from COVID-19, the respiratory disease caused by the novel coronavirus.

Mr. Kim, believed to be 36, has disappeared from coverage in North Korean state media before. In 2014, he vanished for more than a month and North Korean state TV later showed him walking with a limp.

Speculation about his health has been fanned by his heavy smoking, apparent weight gain since taking power and family history of cardiovascular problems.

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News Network
May 6,2020

Singapore, May 6: Oil prices slipped back Wednesday after two days of gains, although Brent crude remained above $30 a barrel, as renewed US-China tensions offset optimism about the easing of coronavirus lockdowns.

Brent, the international benchmark, fell 1.1 per cent to $30.63 a barrel in early Asian trade. On Tuesday, the contract surged 14 per cent and rose above $30 for the first time since mid-April.

US marker West Texas Intermediate slipped 1.9 per cent and was changing hands for $24.13 a barrel.

Oil markets have been battered as the virus strangled demand due to business closures and travel restrictions, with US crude falling into negative territory last month for the first time.

They started rallying strongly this week as countries from Europe to Asia ease curbs and economies start shuddering back to life.

But gains were capped Wednesday as dealers follow a brewing US-China row after Donald Trump hit out at Beijing over its handling of the outbreak, saying it began in a Wuhan lab, but so far offering no evidence.

"Traders are incredibly cautious this morning, weighing all the possible China responses," said Stephen Innes, chief global market strategist at AxiCorp.

"And the one that would hurt the most would be for China to reduce imports of US oil."

This week's rally was in part driven by a deal agreed between top producers to reduce output by almost 10 million barrels a day, which came into effect on May 1.

There have also been signs that the massive oversupply in the market is starting to ease as demand slowly comes back.

Energy data provider Genscape said earlier this week that stockpiles at the main US oil depot in Cushing, Oklahoma had increased by only 1.8 million barrels last week following weeks of major rises.

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