Posts Tagged ‘carolyn bandel’

April 2011

Browder’s Russia Money-Laundering Allegations Spark Swiss Investigation


Switzerland has opened a money- laundering probe at the request of Hermitage Capital Management Ltd., the first criminal investigation outside Russia linked to the death of lawyer Sergei Magnitsky in a Moscow prison.

The allegations involving a former Russian tax official are the most recent lodged by Hermitage founder William Browder as he asks authorities around the world to sanction officials he blames for Magnitsky’s death. The lawyer, who alleged Interior Ministry officials fraudulently collected a $230 million tax refund using documents seized from Hermitage, died in 2009 after a year in pre-trial detention.

“It’s been impossible to get any kind of real criminal investigation in Russia,” Browder said yesterday by phone. “It’s highly significant that a Western law enforcement agency is taking this seriously and is launching an investigation.”

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