HAMILTON, Bermuda, Jul 4, CMC – The Police have launched an international manhunt for two former expatriate workers accused of fraud who they say have absconded from Bermuda.
Criminal charges involving US$1.8 million have been approved against the former chief financial officer of a Bermuda-based reinsurance company.
Yuval Abraham, who worked at Hiscox and whose whereabouts are unknown, faces eight counts of obtaining a money transfer by deception and nine counts of false accounting.
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 an arrest warrant had been issued for Abraham, who has links to the United Kingdom, South Africa, Poland
A second manhunt is under way for a Bermuda-based international life insurance company owner accused of investor fraud involving millions of dollars.
Ramesh Dusoruth, owner of St George’s Ltd, faces a charge of fraudulent inducement to deposit or invest and another of transferring criminal property.
He is also charged with three counts of transmission of false information to the Bermuda Monetary Authority.
Dusoruth was arrested and charged with the offences, but failed to appear in Magistrates’ Court on March 21 and an arrest warrant was issued.
Pedro said Dusoruth is known to have business interests in Cyprus, Malta and Holland and has homes in London and Antwerp in Belgium.
