Business & Finance
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2/26/2007
04:25 PM
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Ex-Comverse Chief, A Fugitive In Africa, Fights Extradition With Good Works

U.S. authorities will attempt to have Jacob "Kobi" Alexander extradited in a Namibian court in late April.

With his extradition hearing rapidly approaching, Jacob "Kobi" Alexander, the fugitive former head of Comverse Technology, is establishing himself as a model citizen in Namibia by helping to build homes for 200 low-income wage earners in the African country.

The former CEO of Comverse, has been trumpeting his good works in advertisements in a Namibian newspaper.

The advertisements state: "Mr. Kobi Alexander, its founder (of the building project), brings with him a wealth of business acumen. He is the founder of Comverse Technology, the world's leading supplier of enhanced services for telecommunications companies."

Alexander, an Israeli citizen, is free on bail in Namibia as he fights 35 criminal charges involving stock-options backdating and other complaints. He has proclaimed his innocence and has said he will plead not guilty to the charges.

The charges have been brought by law enforcement authorities in the United States, who will attempt to have Alexander extradited in a Namibian court in late April.

Alexander has moved his family to the idyllic African country where he has purchased a house at a golf course. He has said he will invest millions of dollars in Namibia.

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