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Siblings Convicted of Money Laundering in Egyptian Artefact Case

Hamburg: Two siblings have been convicted of money laundering, but not more serious criminal conspiracy charges, in a long-running case in connection with the illegal sale of ancient Egyptian artefacts. The Hamburg State Court fined the brother £90,000 (roughly $105,000) and the sister £30,000 for their alleged role in trading the artefacts that were illegally taken from Egypt, restored in Germany, and then sold to museums in the United Arab Emirates. It also ordered the confiscation of £32 million, the funds from the illegal sales, some of which went through the defendants' bank accounts.According to Deutsche Welle, Monday's verdict is part of a much larger case that's years in the making, reportedly with the brother and sister's father - an archaeologist - among the main defendants. The items included a bust of Cleopatra, a stone slab associated with King Tutankhamun, and items from a princess's grave. The brother was cleared of the most serious charge of working with a gang to arrange the illegal sales because of a lack of evidence. The main suspects, including his father, are being tried separately.Prosecutors allege that the illegal sales took place between 2013 and 2018. Investigators found valuable artefacts in the siblings' basements in searches in 2020, according to regional broadcaster NDR.

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