Bail Denied For Ex-Comverse CEO In Namibia

Law360, New York (October 2, 2006, 12:00 AM EDT) -- An Israeli-born executive at the center of the U.S. options-backdating scandal told a Namibian court Monday he would plead not guilty and asserted that the warrant for his arrest was invalid.

But after hearing testimony for the prosecution from South Africa-based U.S. Federal Bureau of Investigations agent Marlene Williams, magistrate Uatjo Uanivi denied bail to Comverse Technology Inc.’s Jacob Alexander on grounds that he was likely to flee the country.

In an affidavit filed with the court, Alexander said he is not a citizen of the...
To view the full article, register now.