Former Executive Extradited From Portugal Suspected of Stealing Millions
Translated & summarized from Calcalist by baba
Eyal Rosen, a former executive at Gibui Holdings, was extradited from Portugal to Israel on Thursday, suspected of stealing over 9 million shekels from the company. He is also accused of fraud, money laundering, and providing false information to investors. Rosen fled Israel in 2022 before an investigation began, and his extradition was facilitated by international cooperation between Israeli and Portuguese authorities.
The story in 5 lines · by baba
- Eyal Rosen extradited from Portugal to Israel for alleged theft of over 9 million shekels.
- Rosen, a former executive at Gibui Holdings, is suspected of fraud and money laundering.
- He allegedly provided misleading information in company reports to investors.
- Rosen left Israel in 2022 before an investigation into his actions began.
- International cooperation between Israel and Portugal led to his arrest and extradition.
Eyal Rosen, a former executive at the public company Gibui Holdings, was extradited from Portugal to Israel on Thursday, suspected of stealing over 9 million shekels from company funds. Rosen is considered a central suspect in a case investigated by the Israel Securities Authority's (ISA) investigations department. The ISA's international department announced his extradition on Thursday morning.
Authorities suspect Rosen used sophisticated fraudulent methods to embezzle funds from the company he managed and subsequently engaged in money laundering. Investigators also suspect he concealed his actions and provided misleading information in the company's reports to investors. The evidence gathered has been transferred to the tax and economic department of the State Attorney's Office.
Rosen faces charges including theft by an authorized person, aggravated fraud, false corporate record-keeping, money laundering, and reporting offenses under the Securities Law. He left Israel in 2022, before the ISA launched an open investigation against him. The international department of the State Attorney's Office, in cooperation with the Interpol unit of the Israel Police, worked to locate him.
After Rosen was located and arrested in Portugal, the department pursued his extradition. Portuguese authorities approved the extradition on October 4, and Rosen was brought to Israel on Thursday by representatives of the police and the ISA. Lawyer Matan Akiva handled the case for the international department.
Mentioned
