The piece, called a Buddhapada, was taken from a Pakistani region rich in Buddhist history decades ago. It was returned by New York prosecutors to Pakistani Deputy Chief of Mission Rizwan Saeed Sheikh, who said it will remain in the city for the time being and may be exhibited at a museum.
Sheikh said the Buddhapada, weighing nearly 500 pounds, was "an important element of the cultural history of Pakistan" and he was relieved to have it returned.
Tatsuzo Kaku made the plea in exchange for a USD 5,000 fine and a sentence of time served and left the country voluntarily. He said he shipped the 2nd-century Buddhapada from Tokyo to New York to sell it at a gallery, where it was expected to fetch USD 1.1 million.
He said he knew it had been excavated and removed from the Swat River valley, a mountainous region of northern Pakistan, in 1982.
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He said in court that, while he stood to benefit financially, he also was motivated by a lifelong desire to preserve such works for fear they would fall into disrepair or be destroyed if they remained in Pakistan.
During the time the Buddhapada was stolen, there were no major threats to any archaeological sites, said Muhammad Zahir, an assistant professor at Hazara University in Pakistan who works in the Swat valley.
Even when the Taliban was present in 2009, the government of Pakistan had plans to protect or remove ancient Buddhist art from the valley and safely moved museum artifacts during military operations to combat the Taliban, he said.
The repatriated piece is a large stone slab with columns and two large footprints. Within the footprints are symbols, including a swastika, a 5,000-year-old Sanskrit symbol that denotes auspiciousness and was co-opted by Nazi Germany.
Prosecutors said the Buddhapada is "so much more than a piece of property.