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Eldorado

Rich crook caught smuggling Picasso work

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Eldorado

"A billionaire member of the family that runs the Santander banking empire has been sentenced to 18 months in jail and fined €52.4 million (£45m) after being found guilty of attempting to smuggle a protected Picasso painting out of Spanish territory on his luxury yacht. 

"The verdict by a Madrid court, which Jamie Botín’s lawyers have said he will appeal, comes almost five years after ‘Head of a Young Woman’ was seized on board the former banker’s schooner off the coast of Corsica. 

"Mr Botín, 83, now a retired banker and uncle of Santander’s executive chairwoman, Ana Botín, denied wishing to sell the Picasso painting abroad, but he broke the law in taking it outside Spanish jurisdiction after it was listed as a national heritage item. "

Full monty at the Telegraph: https://www.telegraph.co.uk/news/2020/01/16/santander-heir-gets-44m-fine-trying-smuggle-picasso-painting/

And at the BBC: https://www.bbc.co.uk/news/world-europe-51141519

Edited by Eldorado
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