Russia Seeks Arrest of Hermitage Executive

The Telegraph, By Rowena Mason

Russian officials are seeking the arrest of a London-based executive at Hermitage Capital Management, the hedge fund that claims to have been persecuted after uncovering an alleged $230m (£139m) tax fraud.

Hermitage said charges of withholding dividend-tax payments had been filed against Ivan Cherkasow and that authorities visited his Moscow house last week. The hedge fund said the accusations contradict a finding by the Federal Tax Service that its payments were in order and Mr Cherkasow denies all allegations.

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