Israeli Businessman Extradited From Portugal Over Alleged $2.4 Million Theft
Translated & summarized from Ice by baba
Israeli businessman Eyal Rosen was extradited from Portugal to Israel on Thursday, suspected of stealing over 9 million shekels from Gibui Holdings. He allegedly misappropriated funds through fraud and falsified company reports before leaving Israel in 2022. The extradition followed a joint effort by Israeli and Portuguese authorities. Rosen will now face legal proceedings in Israel.
The story in 6 lines · by baba
- Eyal Rosen, former executive at Gibui Holdings, extradited from Portugal to Israel.
- Rosen is suspected of stealing over 9 million shekels from the company.
- He allegedly committed fraud, falsified reports, and laundered money.
- Rosen left Israel in 2022 before a public investigation began.
- Extradition was a joint effort by Israeli and Portuguese law enforcement.
- Legal proceedings against Rosen will continue in Israel.
Israeli businessman Eyal Rosen, a former executive at the public company Gibui Holdings, was extradited from Portugal to Israel on Thursday. He is suspected of stealing over 9 million shekels (approximately $2.4 million) from the company's funds. Portuguese authorities approved Israel's extradition request earlier this month, following legal proceedings to bring Rosen to justice.
Rosen is considered a central suspect in an investigation led by the Israel Securities Authority's (ISA) Investigations, Intelligence, and Trade Control Department. Authorities allege that during his tenure, Rosen misappropriated company funds through fraudulent activities and attempted to conceal their origins. He is also suspected of falsifying company reports to investors and obstructing the investigation.
The charges against Rosen include theft by an authorized person, obtaining property by deception under aggravated circumstances, false corporate record-keeping, and money laundering, in addition to reporting offenses under the Securities Law. Evidence gathered has been transferred to the Securities Department of the State Prosecutor's Office for Economic Crimes.
Rosen left Israel in 2022, before the ISA launched its public investigation. Israeli law enforcement, in cooperation with the State Prosecutor's Office's International Department and the Interpol unit of the Israel Police, located him in Portugal. After his arrest there, efforts began to secure his extradition, which was approved by Portuguese authorities on October 4, 2026. He was transferred to Israel today by representatives of the Israel Police and the ISA.
The Gibui Holdings affair has been under scrutiny in recent years concerning the conduct of the non-bank credit company. Investigations have examined suspicions of significant fund withdrawals and transfers to various parties. Alongside the investigation into Rosen, former senior company officials have also been investigated.
This extradition is the result of collaboration between Israeli law enforcement agencies, including the Israel Police, the ISA, and the State Prosecutor's Office, along with Portuguese authorities. Legal proceedings against Rosen will now continue in Israel based on the gathered evidence.
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