BBVA Facing €180 Million Fine in Spying Case, Prosecutor Says

BBVA SA should be fined more than €180 million ($206 million) and the lender’s ex-chairman handed a 173 year jail term Spanish prosecutors said, as part of a years-long criminal inquiry over allegations of corporate spying.

The bank should be fined for the continuing offense of active bribery and for offenses of discovering and disclosing private secrets with dissemination to third parties, the prosecutor said in a document seen by Bloomberg.