Paraguay hands over jet linked to Brazilian banker arrested for fraud

Paraguay has delivered a valuable aircraft to Brazil that is connected to Daniel Vorcaro, a Brazilian banker facing charges for a significant fraud scheme. The jet, a Gulfstream G550 valued at around $28 million, was discovered at Paraguay's Silvio Pettirossi International Airport and subsequently transferred to Brazil.

Vorcaro, who owned the Master bank before its liquidation last November as part of a fraud investigation, was arrested in Brazil in March. He is accused of orchestrating a multi-million dollar fraud through the sale of counterfeit credit instruments. This is not his first encounter with authorities; he was previously arrested last November while attempting to leave the country on a private plane shortly after the Central Bank ordered the liquidation of his bank.

Reports suggest Vorcaro maintained extensive connections within Brazil's powerful circles, engaging in business and social activities with notable figures, including former President Michel Temer and former ministers from administrations under Luiz Inácio Lula da Silva and Jair Bolsonaro. Intercept Brasil also reported that Flávio Bolsonaro, a candidate in Brazil's upcoming presidential election, had negotiated with Vorcaro for film sponsorship.