Posts Tagged ‘daily telegraph’
Bill Browder: the man making Moscow squirm over the death of Sergei Magnitsky
Bill Browder is a man on a mission. “I want to change Russia and change human rights advocacy in Russia in a profound way,” the hedge fund millionaire says with almost messianic zeal, in his sparsely furnished offices in London’s Golden Square.
It is, safe to say, an unusual ambition for a successful financier with $1bn of assets under management. But Browder has had an unusual time of late.
Two years ago, the founder of Hermitage Capital Management discovered a new calling. The catalyst was the tragic death of a colleague, Sergei Magnitsky, a 37-year-old tax lawyer and married father of two, at the hands of the Russian state. Until then, Browder’s activism had been limited to boardroom battles against corruption in Russia, where he had been the largest foreign portfolio investor with a track record for boosting shareholder returns by cleaning up companies.
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Crusading Russian lawyer Sergei Magnitsky ‘beaten to death’
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Former ambassador to Russia demands UK act on Magnitsky death
Britain’s former Ambassador to Russia has attacked the Government for failing to crack down on a group of Russian officials allegedly linked to the death of the anti-corruption lawyer Sergei Magnitsky and implicated in a $230m (£140m) alleged fraud.
In a letter to The Daily Telegraph today, Sir Tony Brenton, Ambassador to Russia from 2004 to 2008, urges the UK authorities to make “publicly clear their abhorrence at what has happened” and to ban those concerned from entry into the UK.
His comments follow a unanimous vote in the Dutch Parliament for the 60 Russian officials identified by UK-based hedge fund Hermitage Capital Management and law firm Jamison Firestone, for which Mr Magnitsky worked, to be barred entry into the country.
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Hermitage Capital calls for Russian inquiry into $330m ‘tax frauds’ uncoverred by Sergei Magnitsky
Lawyers for the London-based hedge fund Hermitage Capital Management have applied to the Russian authorities for an inquiry to be opened into the alleged involvement of a senior state official in suspected tax frauds worth more than $330m (£204m).
The alleged frauds were uncovered in 2008 by Sergei Magnitsky, Hermitage’s investigative lawyer whose death in custody while awaiting trial on allegedly trumped-up charges has become a national scandal.
Mr Magnitsky’s colleagues have unearthed new evidence that they claim shows the same two tax officials, Olga Stepanova and Elena Khimina green-lighted the rebates for both alleged frauds. Ms Stepanova has since been promoted to a senior post in the Russian defence ministry.
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Magnitsky charges were fabricated, inquiry says; Justice Leaked document shows commission will blame Interior Ministry officials and FSB for lawyer’s cell death
Daily Telegraph
In a landmark investigation Into the cell death of Moscow lawyer Sergei Magnitsky, a special Kremlin commission Is likely to publicly Implicate iriGmDors of the Interior Ministry and FSB.
The metal cage used for prisoners in courtroom No 14 at the Tverskoi regional court was empty during a recent hearing, its door wide open, when the court considered the arrest of Ivan Cherkasov, a senior executive at British investment fund Hermitage Capital.
Mr Cherkasov, who lives in London, said he has no intention of returning to face charges of tax evasion he says are false. He said his arrest was an act of revenge by members of the Russian security services.
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Russian police escalate case against William Browder
Lawyers for William Browder, chief executive of UK-based hedge fund Hermitage Capital Management, have attacked Russian police for the “flagrant misuse of the criminal justice system” in attempting to summon him to Moscow for questioning.
Mr Browder has been fighting a campaign against corrupt state officials for allegedly stealing $230m (£140m) from the Russian taxpayer and causing the death in custody of his colleague Sergei Magnitsky, a investigative lawyer.
The summons came from one of the officers accused of the alleged crimes and did not allegedly go through the proper channels.
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Who was Sergei Magnitsky?
Sergei Magnitsky was a humble Moscow lawyer who stumbled across possibly the greatest corporate tax fraud Russia has ever known. It was a discovery that would ultimately cost him his life.
His investigations uncovered a web of alleged corruption involving senior members of the police, judges, officials, lawyers and the Russian mafia. Despite death threats, he refused to leave Russia, instead deciding to probe deeper into the apparent fraud – uncovering two other suspected cases.
One of the policemen he had testified was at the heart of the crime was appointed to investigate him. Magnitsky was subsequently arrested on suspicion of tax avoidance and jailed.
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Fall guy in Russian fraud uncovered by Sergei Magnitsky paid $2.1m
Questions have been raised about the role played by a sawmill foreman convicted of Russia’s largest tax fraud after new papers emerged purporting to show that he received payments worth $2.1m (£1.3m) following his detention for an alleged separate kidnapping.
Victor Markelov, 43, confessed in April 2009 to a vastly complex $230m theft of taxes paid to the Russian people and was jailed for five years with no fine in an apparent attempt to draw a veil over what was becoming an embarrassing episode for senior state officials implicated in the crime.
According to claims filed with the Russian prosecutor’s office, Mr Markelov may have been paid to take the fall. Two days after being arrested for the alleged kidnapping of a company director in late 2006 and attempting to extort $20m out of his boss, Mr Markelov was transferred ownership of a company with a book value of $1m.
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Hermitage attacks leniency of Russia in tax fraud ‘cover-up’
Hermitage Capital has accused the Russian state of pressing ahead with a cover up of the biggest tax fraud in Russian history after one of the men behind the scam was given a suspiciously light sentence.
The UK-based investment fund spoke out after a Moscow court confirmed it had found 43-year-old Vyacheslav Khlebnikov, a former convicted felon, guilty of taking part in the £144m fraud.
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