Italian tax police have seized a secret stash of masterpieces from the disgraced founder of a collapsed dairy company. Police in Parma seized 19 works belonging to Parmalat founder Calisto Tanzi from the basements and attics of three apartments. Among the masterpieces are paintings by Van Gogh, Picasso, Monet, Cezanne, Modigliani, Manet and Degas. Authorities estimated the total value at more than 100 million euros (£90 million.) Police showed some of the paintings to journalists near Parmalat's headquarters today.
Italian tax police have seized a secret stash of masterpieces from the disgraced founder of a collapsed dairy company.
Police in Parma seized 19 works belonging to Parmalat founder Calisto Tanzi from the basements and attics of three apartments.
Among the masterpieces are paintings by Van Gogh, Picasso, Monet, Cezanne, Modigliani, Manet and Degas. Authorities estimated the total value at more than 100 million euros (£90 million.)
Police showed some of the paintings to journalists near Parmalat's headquarters today.
Authorities in Italy say they have seized concealed works of art belonging to the convicted founder of Italian firm Parmalat, Calisto Tanzi.The 19 paintings and drawings, including works by Picasso, Monet and Van Gogh, are worth more than 100m euros (£90m), financial police said. Tanzi denied he was in possession of any secret art collection earlier this week, Italian newspapers reported. The art was found stashed in houses belonging to friends of the family. Tanzi's son-in-law, Stefano Strini, is under investigation for allegedly handling the artwork.
Authorities in Italy say they have seized concealed works of art belonging to the convicted founder of Italian firm Parmalat, Calisto Tanzi.
The 19 paintings and drawings, including works by Picasso, Monet and Van Gogh, are worth more than 100m euros (£90m), financial police said.
Tanzi denied he was in possession of any secret art collection earlier this week, Italian newspapers reported.
The art was found stashed in houses belonging to friends of the family.
Tanzi's son-in-law, Stefano Strini, is under investigation for allegedly handling the artwork.
