The island was sold to the government of Saint Vincent sometime shortly before 1806. There may have been an attempt to establish a leper colony on the island; four individuals were listed as living there in 1817, but the island was uninhabited by 1867. In early 2007, Nano approached Vizzion Europe, a Belgian development company founded by
Turko-Belgian CEO
Şefik Birkiye. By April, Vizzion Europe agreed to buy Petit Mustique for $62 million in order to develop a luxury hotel and resort, as Nano assured the company the island was flat, clear, and with a large and easily accessible beach. However, Nano did not allow any Vizzion Europe employees or surveyors to visit or see the island during the negotiations. possibly due to inaction by the Vincentian government. While contending with Vizzion Europe in Belgian court, Nano continued to shop Petite Mustique to private buyers, arranging a sale to Ilyas Khrapunov, son of the
Kazakh oligarch and government minister
Mukhtar Ablyazov. Nano sealed the deal with Khrapunov by offering him a free
Monet painting in addition to the island. An appraisal revealed the painting to be fake. Upon Khrapunov's subsequent discovery that the island was not what he had been promised, Nano refused to return the $500,000 deposit he had received and moved to South America, However, in 2012, Nano was arrested in France and extradited to Italy, where he was sentenced to six years in prison for conspiracy and fraud in an unrelated case. After serving his sentence, he was subsequently extradited to Belgium to face charges related to the fraudulent sales of Petite Mustique. Nano now asserts that he remains the owner of Petite Mustique Island. == References ==