Fraud and Embezzlement
Extradited from Portugal: Eyal Rosen indicted over more than NIS 9 million taken from Gibui Holdings
Eyal Rosen, a former manager at the northern branch of Israeli non-bank lender Gibui Holdings, left Israel in 2022. He was located in Portugal, extradited on October 22, 2026, and indicted a week later. At the insolvent company itself, a gap of about NIS 200 million remains in the loan book.
In brief
- On October 29, 2026 prosecutors filed an indictment at the Tel Aviv District Court against Eyal Rosen, a former branch manager at Gibui Holdings.
- According to the indictment he took more than NIS 9 million of company funds disguised as credit deals.
- He left Israel in 2022, was located in Portugal with Interpol’s help and was extradited on October 22, 2026.
- The Israel Securities Authority investigated. Rosen denies the charges and is presumed innocent.
- According to Bizportal, of about NIS 300 million in loans handed to the trustees, about NIS 90 million has been collected so far.
Gibui Holdings was a non-bank credit company that raised money from the public through shares and bonds traded on the Tel Aviv Stock Exchange. It entered insolvency proceedings at the end of 2022. According to Bizportal, Rosen is expected to be the first defendant tried in the affair.
The indictment: more than NIS 9 million paid out as loans
According to Globes, prosecutors charge Rosen with theft by an agent in dozens of instances, obtaining by fraud under aggravated circumstances, false entries in corporate documents, fraud and breach of trust in a corporation, money laundering and securities offences. He allegedly used his position at the branch and his personal ties with customers to take the money under the guise of routine lending.
According to Bizportal, about NIS 4 million reached his account and that of the branch credit manager through loans customers took at his direction, and about NIS 5.2 million financed a real estate deal by a company he owns.
Four years abroad, then Portugal
Rosen left Israel in 2022, before the Securities Authority opened an overt investigation. He was located and arrested in Portugal with the Israel Police Interpol unit and the State Attorney’s international department. Portugal approved the extradition request on October 4, 2026, and he was returned to Israel on October 22.
Prosecutors are asking that he be held until the end of proceedings, writing that the flight risk "is not vague or nebulous". In questioning, Rosen said he runs business activity abroad and brokers international deals that he cannot manage from Israel.
What is left: a gap of about NIS 200 million
According to Bizportal, about NIS 300 million in loans passed to the court-appointed trustees. About NIS 90 million has been collected and enforcement costs have reached about NIS 25 million. Some of the largest borrowers have left Israel or are in insolvency proceedings. Bondholders are still owed about NIS 145 million in principal of roughly NIS 160 million raised.
The trustees are suing the former controlling shareholders and officers, and the auditor, for NIS 360 million. The claim is in mediation and no defendant has been found liable.
When the debtor is abroad, recovery starts with a map
The case shows how hard recovery becomes once money, and sometimes people, have left the country. It starts with tracing: which companies, accounts and assets are linked to the debtor, in which country and under which name. More on our hidden asset tracing work.
Sources
Globes (Hebrew): Eyal Rosen charged after extradition from Portugal
ice.co.il (Hebrew): manager extradited to Israel
Bizportal (Hebrew): where did NIS 200 million go
General information, not legal advice. An indictment states the prosecution’s case only. Eyal Rosen has not been convicted and is presumed innocent.
