Alexander extradition hearing in Namibia begins tomorrow

The US is seeking Kobi Alexanders extradition to face charges in the stock options backdating at Comverse.

The extradition hearing of Comverse Technology Inc. (Pink Sheets: CMVT.PK) founder and former CEO Kobi Alexander will begin tomorrow in Namibia, unless another postponement occurs. The US is seeking his extradition to face charges in the stock options backdating affair at the company.

This week, billboards in the Namibian capital of Windhoek were festooned with signs supporting Alexander. The signs bore a simple message: Yes to investment and were signed Alexander Enterprises. One billboard is outside the Ministry of Education, which recently awarded scholarships named for Kobi Alexander and his wife, Hannah.

90% of Namibias capital is held by foreigners, and only Minister of Justice Dr. Ngarikutuke Tjiriange, who is trying to move forward on the US request for Alexanders extradition, seems to grasp the impropriety of the Namibian governments hugging of Alexander.

Published by Globes [online], Israel business news - www.globes.co.il - on June 7, 2007

Copyright of Globes Publisher Itonut (1983) Ltd. 2007

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