The Bermuda Police Service (BPS) has confirmed that an arrest warrant has been issued to lay criminal charges against the former Chief Finanacial Officer of a Bermuda-based insurance company, involving $1.8 million.
Yuval Abraham, who worked at Hiscox faces eight counts of obtaining a money transfer by deception and nine counts of false accounting. His whereabouts remain unknown.
He is also charged with an attempt to obtain a money order by deception and one count of money laundering.
Acting Detective Superintendent Nicholas Pedro said today the executive is said to have “absconded” from Bermuda and is known to have links to the UK, South Africa, Poland and Israel.
“The allegation was that Mr Abraham abused his position in order to defraud the company of approximately $1.8 million. Mr. Abraham left Bermuda before an arrest could be made,” he said.
“The allegation was that Mr. Abraham abused his position in order to defraud the company of approximately $1.8 million. Mr. Abraham left Bermuda before an arrest could be made.
Anyone with information on Mr Abraham’s whereabouts should contact the specialist investigations department on 295-0011.
