Criminal charges involving $1.8 million have been approved against the former chief financial officer of a Bermudian-based reinsurance company, it was revealed yesterday. 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 Mr Abraham, who was said to have “absconded” from Bermuda.

He added that Mr Abraham has links to the UK, South Africa, Poland and Israel.

Mr Pedro said that anyone with information on Mr Abraham’s whereabouts should contact the specialist investigations department on 295-0011.