Overview

• Gabriel Spalone was stopped at Panama’s airport while changing flights after leaving Brazil through Paraguay, according to police accounts of his travel.
• São Paulo’s public security department previously said he was in Panamanian custody with legal steps under way for transfer first to Paraguay and then to Brazil.
• His attorney says Panamanian authorities freed him because there was no Interpol red notice or international arrest order, and claims he continued travel to Dubai.
• Investigators report the February 26 operation moved R$146.5 million between 4:23 and 9:47 through ten accounts in a “PIX indireto” setup treated as irregular.
• The affected bank recovered more than R$100 million, with about R$39 million still lost, and two other suspects in Brazil were arrested and allegedly benefited by roughly R$75 million.