updated 6/8/2007 11:38:20 AM ET 2007-06-08T15:38:20

An extradition hearing for fugitive businessman Jacob “Kobi” Alexander was postponed Friday until later this month for technical reasons.

A new date of June 25 was set, by which time the justice ministry should have appointed a presiding officer to head the proceedings.

Alexander remains free on bail. The former chief executive of voicemail-software maker Comverse Technology Inc. was arrested Sept. 26 in the Namibian capital, Windhoek, at the request of the FBI after at two-month manhunt.

Alexander, 54, an Israeli citizen, who had been living in the southern African desert country since July, is free on $1.3 million bail.

In an affidavit at the time of his arrest, Alexander said he had entered the country lawfully with his wife and three children and that he had plans for businesses and investments in Namibia.

Alexander is accused in the U.S. of hatching a scheme to pocket millions of dollars by secretly manipulating stock options.

Comverse’s former general counsel and former head of finance both have pleaded guilty in the case, and both said in U.S. federal court that they conspired with Alexander to backdate options to low points in the stock price and falsify financial statements to conceal the fraud from shareholders.

Comverse executives were among the first to be brought to trial in the wide-reaching U.S. government investigation into stock options backdating.


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