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Suspect in Multi-Million Shekel Theft Extradited From Portugal to Israel
Eyal Rosen, a former executive at the public non-bank credit company Gibui Holdings, was extradited from Portugal to Israel on Thursday, October 22, 2026. Rosen is a central suspect in the collapse of the company and is accused of embezzling over 9 million shekels.
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What happened
- 01Eyal Rosen was extradited from Portugal to Israel on Thursday, October 22, 2026, over the alleged theft of more than 9 million shekels.
- 02Rosen is a former executive who managed the Afula branch of the public non-bank credit company Gibui Holdings.
- 03He is accused of using complex fraud schemes to embezzle and launder company funds, and falsifying reports to investors.
- 04Rosen fled Israel in 2022 before a public investigation began and was located in Portugal with the assistance of Interpol.
- 05Gibui Holdings collapsed in late 2022, leaving debts of 140 million shekels to bondholders and 110 million shekels to banks.
- 06Company trustees estimate the total financial damage resulting from the collapse of Gibui Holdings at 360 million shekels.
- 07Portuguese authorities approved Rosen's extradition on October 4, 2026, following legal proceedings in the country.
- 08Rosen faces charges in Israel including theft by an authorized person, aggravated fraud, money laundering, and securities reporting offenses.
Investigators from the Israel Securities Authority and the State Prosecutor's Office allege that Rosen, who managed the company's Afula branch, used sophisticated fraudulent schemes to misappropriate and launder company funds. He is also accused of forging corporate documents and submitting false reports to investors to conceal his actions. Rosen fled Israel in 2022 before a public investigation began, but was located with the help of Interpol and arrested in Portugal.
Gibui Holdings collapsed in late 2022 following revelations of financial irregularities at the Afula branch, entering insolvency with debts of 140 million shekels to bondholders and 110 million shekels to banks. Trustees estimate the total damage from the collapse at 360 million shekels. Portuguese authorities approved Rosen's extradition on October 4, 2026, and he was escorted back to Israel by police and securities officials to face charges including aggravated fraud, money laundering, and reporting offenses.
Summarized by baba from the reports of 6 newsrooms. Updated
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