Eleven co-defendants, including a former top customs official, were jailed for up to four and a half years.
Subotic, who lives in Switzerland, was convicted of heading a criminal gang which smuggled cigarettes in 1995 and 1996 and made an estimated €33 million ($46 million).
Former Yugoslav customs chief Mihalj Kertes, who was close to the late Serb strongman Slobodan Milosevic, was sentenced to three and a half years.
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