Posts Tagged ‘Anatoly Serdyukov’

April 2012

Tax scam points to complicity of top Russian officials

Financial Times

Two Moscow tax departments at the centre of a tax rebate scam worth hundreds of millions of dollars continued to disburse huge sums long after similar schemes were uncovered by Sergei Magnitsky, the whistle-blowing lawyer who died in jail after making his allegations.

Revelations that the tax rebate scams continued well after Magnitsky’s death raise questions about the level of official protection the fraudulent rebate operations enjoyed. In total, the fraud looks to have cost the Russian treasury more than $800m from 2006 to 2010.

Magnitsky was jailed on separate tax fraud charges in 2008 soon after he alleged a circle of interior and tax ministry officials had conspired to defraud the Russian government via a $230m rebate involving company seals and charters belonging to his former employer, Hermitage Capital, that were seized in a police raid. His death a year later – he would have turned 40 last Sunday – spurred international outrage, causing the US government to draw up a visa blacklist for officials involved in his detention.

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