Milan Ilincic , a 33-year - old Serbian man , has been arrested in a Madrid suburb . Interpol says the Pink Panthers are a `` loosely-aligned network of criminals believed to have carried out robberies in excess of 300 million euros ( $ 448 million ) since 1999 . Police say he took part in a bold robbery of a jewelry store in Dubai in 2007 . Spanish police say he is a suspected member of the Pink Panther gang . The gang 's behind jewelry store robberies in Europe , the Mideast , Asia and the Americas , Interpol says .
Milan Ilincic , a 33-year - old Serbian man , has been arrested in a Madrid suburb . Police say he took part in a bold robbery of a jewelry store in Dubai in 2007 . Spanish police say he is a suspected member of the Pink Panther gang . The gang 's behind jewelry store robberies in Europe , the Mideast , Asia and the Americas , Interpol says .