Art Investment

DiCaprio returned to Basquiat and Picasso

After the "Oscar" Leonardo DiCaprio refused the works of Picasso and Basquiat, given to him by a Malaysian millionaire, Jho low. Works was involved in laundering billions of dollars through the Malaysian Fund

Investment Fund 1Malaysia Development Berhad (1MDB abbreviated), based Premier-министром Malaysia in 2009 to promote economic development of the country, was the tool to launder a total of $1.7 billion At least according to the U.S. Department of justice, which is now looking for ways to return these funds has already been spent involved in the Fund persons on yachts, diamonds and paintings.

One of the defendants in the case 1MDB — financier, Jho Lowe, whose not the most successful art-инвестиции we discussed in February 2016. Today he is accused of laundering $400 million investment through the above Fund. All these years, Lou led a lavish lifestyle, bought and sold works by Rothko, Richter, Monet and so on., and give expensive gifts. On the birthday of his friend Leonardo DiCaprio, he was given a painting by Pablo Picasso for $3.2 million In other time Lowe gave Leo a collage of Jean-Мишеля Basquiat for $9.2 million From all these works, the actor now refuses in favor of the U.S. government.

Press-служба DiCaprio said that the gifts were accepted by the actor for a charity auction to benefit his Foundation for the protection of the environment. Charitable Foundation DiCaprio, in turn, intends to return any assets related to 1MDB, will be shown.

Previously, Leonardo DiCaprio also refused the Oscar (originally owned by Marlon Brando), presented to him in gratitude for his work on the film "the Wolf of wall-Стрит" film company Red Granite. The money for the film production company Red Granite turned out to be also received through 1MDB.

Sources: nytimes.com, fortune.com, theguardian.com, artinvestment.ru


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