Vasari Art Codex

Tight security at Malaysian National Art Gallery ahead of’ arrival of art works linked to 1MDB scandal

The National Art Gallery of Malaysia has implemented high-level security measures, including enhanced alarms and restricted access zones, to receive four artworks recovered from the 1MDB financial scandal. The collection includes pieces by Pablo Picasso, Joan Miró, Maurice Utrillo, and Balthus, which were previously owned by former 1MDB lawyer Jasmine Loo. The repatriation was a coordinated effort between the Malaysian Anti-Corruption Commission (MACC), the FBI, and the U.S. Department of Justice.

article news schedule Apr 29, 2026 visibility 2

Aristophil : Gérard Lhéritier reconnaît sa culpabilité et obtient une peine réduite

Gérard Lhéritier, founder of the art investment firm Aristophil, has pleaded guilty in a French court under a procedure known as comparution sur reconnaissance préalable de culpabilité (CRPC), effectively a plea bargain. On April 14, he admitted responsibility for fraud and deceptive commercial practices after more than a decade of denial. This late admission, made just before his expected incarceration, reduces his sentence from the five years of imprisonment handed down in December 2025 to two years under electronic monitoring. The case stems from Aristophil’s collapse, which involved selling shares in manuscripts and historical documents as attractive investments, leaving thousands of investors heavily impacted.

newspaper Le Journal des Arts open_in_new Read original