Brazil Says Targets in Americanas Fraud Case Have Fled (3)

Brazilian Federal Police carried out its most extensive operation yet to punish those responsible for a massive fraud at retailer Americanas SA with arrest and search warrants issued in Rio de Janeiro.

While the police didn’t identify the two people targeted with detention, they were ex-chief executive officer Miguel Gutierrez and director Anna Saicali, according to people familiar with the case who aren’t authorized to speak publicly on the matter. The police said the two targets have fled the country and Interpol alerts were issued for their arrest.

Gutierrez’s defense team said in a statement that they weren’t given ...