Botin
Spanish banker gets jail term for trying to smuggle out Picasso work
A Spanish court has sentenced a former top banker to 18 months in jail for trying to smuggle a Picasso painting deemed a national treasure out of the country on a sailing yacht.
The court also fined ex-Bankinter head Jaime Botin 52.4 million euros ($58.4 million), according to the Madrid court ruling issued on January 14 which was made public on Jan. 16.
Picasso 'cultural treasure' seized in Corsica
A work of art by Pablo Picasso worth 25 million euros and considered a cultural treasure by Spanish authorities who had barred its exportation was seized from a boat docked at Corsica, French authorities said Aug. 4.
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