galerie thomas director custody investigation 2600120

Silke Thomas, co-manager of Munich-based Galerie Thomas, has been in custody since mid-December as part of a criminal investigation into the gallery's bankruptcy filing last summer. Munich prosecutors are investigating her and her father, founder Raimund Thomas, on suspicion of delaying insolvency, fraud, and breach of trust, with outstanding debts estimated at over $10 million. Raimund Thomas's whereabouts are unknown, and the gallery's absence from Art Basel in June 2024 hinted at financial trouble before the bankruptcy filing.