US billionaire returns US$70m worth of stolen antiquities

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The move allows 80-year-old Michael Steinhardt to avoid indictment and trial for the time being, but bans him for life from acquiring antiques on the legal art market. — Reuters pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. NEW YORK, Dec 7 — A prominent US art collector and billionaire philanthropist has returned 180 works of art and antiquities stolen from around the world — some from ancient Greece — that are estimated to be worth US$70 million (RM296.2 million), Justice Department officials in New York said yesterday.The move, announced by Manhattan attorney general Cyrus Vance’s office, allows 80-year-old Michael Steinhardt to avoid indictment and trial for the time being, but bans him for life from acquiring antiques on the legal art market.The works of art include a Greek drinking vessel fashioned in the shape of a deer’s head dat…