The ongoing investigation into José Luis Rodríguez Zapatero centers on alleged influence peddling, criminal organization, money laundering, and document forgery tied to the 2021 Plus Ultra airline bailout, plus separate tax and smuggling charges linked to undeclared jewelry valued at €1.3 million. As of mid-September 2026, the case remains in the preliminary investigative phase at Spain’s National Court, with no trial opened, no conviction secured, and precautionary measures such as pretrial detention rejected. Spanish judicial timelines for complex corruption matters routinely extend several years, often resulting in dismissals, acquittals, suspended sentences, or non-custodial outcomes. Traders’ strong consensus on “No” reflects these procedural realities and the absence of any imminent resolution by the December 31, 2026 market cutoff. Late-stage evidentiary shifts, plea arrangements, or accelerated proceedings could still alter the trajectory, though none appear decisive at present.