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NGMA Seeks Permission to Display Seized DHFL-Case Artworks

NGMA Seeks Permission to Display Seized DHFL-Case Artworks
Tyeb, Bawa, Raza: NGMA Mumbai wants to display priceless ‘seized artwork’, writes to CBI · indianexpress.com

Some very expensive paintings and sculptures were taken by investigators in a large DHFL bank-fraud case.

They are being kept at the National Gallery of Modern Art in Mumbai.

The gallery wants to show them in exhibitions instead of keeping them in storage.

The Central Bureau of Investigation must ask the court before this can happen.

A judge had earlier ordered that two paintings be kept in a museum or gallery with proper temperature and climate controls.

The people accused in the case are worried about who would pay if the artworks were damaged.

They also want to know whether the works would be insured and how long they would be displayed.

The court is considering the request.

It is scheduled to hear the matter on September 24.

Key facts

Artworks held
65 paintings and three sculptures
Most valuable cited work
Tyeb Mehta’s Bull, valued at over Rs 27 crore
Other cited works
A Manjit Bawa work valued at over Rs 7.7 crore; S.H. Raza’s Village valued at over Rs 3.50 crore; and an F.N. Souza work valued at Rs 2 crore
Case
The artworks are linked to the Rs 34,000-crore Dewan Housing Finance Limited fraud case
Storage location
National Gallery of Modern Art, Mumbai
NGMA request
Permission to display the artworks on a regular basis or until further court directions
Next hearing
September 24

Quotes

Ashwani Kumar Sarpal

Special judge who ordered the seized paintings moved to a controlled museum environment.

“These paintings be kept there till the conclusion of the trial and all the expenses for its preservation in the above-mentioned museum or art gallery shall be incurred by the CBI unless the said institution waive such expenses at the request of the CBI.”
indianexpress.com
“The interests of the well known painters who had prepared these paintings are also required to be taken care of even though they had sold these paintings and received money.”
indianexpress.com

Sources

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