Hiscox Manager Faces Greek Perjury Charge Over Extradition Case

Allegations of false testimony in attempt to extradite former Hiscox executive from Greece to Bermuda

Mar. 20, 2026 at 9:03am

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A manager at London-listed insurer Hiscox faces a criminal charge of providing false testimony during an attempted extradition of a former colleague, Yuval Abraham, from Greece to Bermuda. The Greek prosecutor alleges the manager submitted false evidence in 2019 and 2020 to support Bermuda's request for Abraham's extradition over allegations he embezzled about $1.8 million to buy luxury Swiss watches. Abraham, a former CFO of Hiscox's Bermuda unit, denies wrongdoing and claims he was a whistleblower who refused to sign off on the unit's 2017 annual accounts due to tax law violations.

Why it matters

This case highlights the ongoing legal battle between Hiscox and a former executive, with allegations of fraud, whistleblowing, and now perjury charges in the extradition process. It raises questions about corporate governance, transparency, and the treatment of whistleblowers within the insurance industry.

The details

The Greek prosecutor has charged the Hiscox manager with a misdemeanor of giving false testimony, which carries a fine and up to three years in prison. The manager denies wrongdoing, claiming the testimony "corresponds to the truth." Abraham's lawyer alleges he was "framed" after refusing to overlook tax law violations at Hiscox. Hiscox has pursued Abraham through courts in multiple countries over the alleged $1.8 million embezzlement, leading to asset freezes and an Interpol Red Notice for his arrest.

  • The alleged false testimony occurred in 2019 and 2020.
  • Abraham was arrested at Athens airport in August 2019 on an Interpol Red Notice.
  • The next hearing in the case is scheduled for April 21, 2026.

The players

Hiscox

A London-listed insurer and one of the largest members of the Lloyd's of London commercial insurance market.

Yuval Abraham

A former CFO of Hiscox's Bermuda unit, Hiscox Services Ltd (HSL), who is accused of embezzling $1.8 million but denies wrongdoing and claims he was a whistleblower.

Zoe Konstantopoulou

A lawyer representing Yuval Abraham, who is also the leader of a political party in Greece.

Ioannis Androulakis

The defense lawyer for the Hiscox manager facing the perjury charge.

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What they’re saying

“The entirety of what (my client) has testified as part of the extradition process ... corresponds to the truth.”

— Ioannis Androulakis, Defense lawyer for Hiscox manager

“Yuval Abraham had been a 'very promising, senior executive' who was framed after refusing to turn a blind eye to tax law violations at work.”

— Zoe Konstantopoulou, Lawyer representing Yuval Abraham

What’s next

The next hearing in the case, which was prompted by a lawsuit filed in 2021 by Abraham against the Hiscox manager, is due on April 21, 2026.

The takeaway

This case highlights the complex legal battles and allegations of fraud, whistleblowing, and perjury within the insurance industry, raising broader questions about corporate governance, transparency, and the treatment of whistleblowers.