As previously reported, Alexander (who holds dual American-Israeli citizenship) became the target of a worldwide manhunt after he failed to answer securities fraud charges.Two of his former colleagues - former Comverse CFO David Kreinberg and former general counsel William F Sorin - were released on bail after being charged with conspiracy to commit securities fraud and wire fraud offences earlier this month.All three resigned from Comverse in May over allegations of multi-million dollar stock options fraud in the midst of an internal probe.

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A hi-tech chief executive turned fugitive has been tracked down in Sri Lanka by a private investigator after 10 days on the lam.

Jacob "Kobi" Alexander, 54, faces fraud charges over a stock options scandal involving the voicemail software firm he founded, Comverse.

According to Israeli reports, Alexander was tracked down after a one-minute call made using the Skype IP Telephony service betrayed his presence in Sri Lanka to intelligence agencies.

Following the call, made in the nation's capital Columbo, a gum-shoe tracked him down to a villa in the town of Negombo.

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Initially it was thought Alexander may have fled to Israel, a country where he allegedly recently transferred m.