HAMILTON, Bermuda – The police in Greece, have arrested a former chief financial officer of a Bermuda-based reinsurance firm accused in a US$1.8 million fraud scheme.
The Bermuda Police Service (BPS), on Thursday said that Yuval Abraham was detained in Athens.
“He is being held in custody pending a hearing on extradition to Bermuda,” said a BPS spokesperson.
“The Bermuda Police Service relies upon and uses international law enforcement partners in cases such as this that have an international component, and would like to recognise their assistance in this matter.”
Abraham faces eight counts of obtaining a money transfer by deception and nine counts of false accounting.
He is also charged with attempting to obtain a money order by deception and one count of money laundering.
In July, Bermuda police also announced that Ramesh Dusoruth, the owner of a Bermuda-based international life insurance company, was wanted on allegations of misuse of millions of dollars of investors’ money.
He was later arrested in the Netherlands.
The arrest came after an international manhunt was launched for Dusoruth after he failed to appear in Magistrates’ Court here in March to face the allegations.
He was arrested after an Interpol red notice was issued and police in Bermuda are liaising with the Dutch authorities to have Dusoruth returned to Bermuda. (CMC)
