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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 [CMVT
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] 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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