CNBC Exclusive: Kobi Alexander In Namibia

Friday, 8 Jun 2007 | 11:46 AM ET
Kobi Goes to Court
Former Comverse CEO Kobi Alexander appears in a Nimibian court today to fight his extradition to the U.S. to face fraud and money laundering charges, with Scott Cohn, CNBC sr. correspondent

CNBC Senior Correspondent Scott Cohn is on the trail of a controversial former corporate executive who prosecutors say has fled the country. Cohn and a producer have traveled to the African nation of Namibia, searching for former Comverse CEO Jacob "Kobi" Alexander. In a Namibian court Friday, a judge delayed an extradition hearing until Jun 25. Alexander has been accused in the U.S. of engineering a long-running scheme to steal millions by improperly backdating stock options. Alexander was apprehended in Namibia last September, but is free on a $1.3 million bail bond.

Meantime, he's spending a lot of money, in what may be an attempt to persuade Namibian authorities to let him stay. A solar-powered, low-income housing project on the southwest African coast is one project we'll be showing you.

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