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Police arrest employee of detained gallery owner in fake art raid

Stavros PanagiotopoulosBy Stavros Panagiotopoulos24 February 2020No Comments3 Mins Read
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A female employee of a prominent Athens gallery owner has been arrested in connection with a fake art investigation that has uncovered more than 300 forged works of art. Greek police announced the arrest on Saturday, revealing that officers discovered an 18th-century Gospel at her residence during the ongoing operation targeting art fraud in the capital.

The employee worked for gallery owner Giorgos Tsangarakis, who was arrested on Friday following a police raid on his warehouse in Elliniko, southern Athens. According to police sources, Tsangarakis allegedly gave the Gospel to his employee when he suspected authorities were preparing to conduct searches related to forged works of art.

Anonymous Tips Trigger Fake Art Investigation

The investigation began approximately six weeks ago after authorities received anonymous tips questioning the authenticity of artworks Tsangarakis periodically offered for sale. A social media video showing the Gospel available for purchase, combined with these tips, prompted police to take action. The authenticity of the religious artifact is currently under examination by experts.

During Friday’s warehouse raid, officers discovered what they believe to be forged paintings along with 190,000 euros in cash. The financial discovery has added another dimension to the investigation, raising questions about the scale of the alleged art fraud operation.

Over 300 Artworks Determined to Be Forgeries

Police have now examined the majority of works seized from the warehouse and reached a startling conclusion. According to their assessment, more than 300 of the discovered artworks are fakes, while only seven pieces have been verified as genuine. This ratio underscores the magnitude of the alleged forgery operation at the central Athens gallery.

The discovery represents one of the more significant art fraud cases in recent Greek history. Art forgery operations can have far-reaching implications for collectors, museums, and the broader art market, potentially affecting valuations and undermining trust in authentication processes.

Gallery Owner Faces Legal Proceedings

Tsangarakis was scheduled to appear before an investigative magistrate on Saturday to face charges related to the forged works of art. The legal proceedings will determine what charges will be formally filed against both the gallery owner and his arrested employee.

Meanwhile, the investigation continues as authorities work to identify potential victims who may have purchased inauthentic pieces from the gallery. Experts are conducting detailed examinations of the seized works to document the extent of the forgeries and determine their origins. The case highlights ongoing challenges in the art world regarding authentication and the need for rigorous verification processes.

Authorities have not yet announced when their investigation will be complete or whether additional arrests are anticipated. The examination of the remaining seized artworks and the 18th-century Gospel will likely take additional time before prosecutors can build a comprehensive case against those involved in the alleged art fraud scheme.

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