Posts Tagged ‘firestone duncan’

17
November 2011

Sergei Magnitsky Death Highlights Russia Impunity

Index on Censorship

After speaking out against corruption, the young lawyer was left to die in jail. Two years on, says Jamison Firestone, no one has been brought to justice

In 2008 a young Russian lawyer, Sergei Magnitsky, working for Russia’s largest foreign investor, Hermitage Fund, began investigating links between senior Russian officials and organised crime figures.

As Magnitsky dug deeper, he found instance after instance of fraudulent tax refunds, totalling about half a billion dollars. He filed a series of complaints and repeatedly gave testimony against the officials and criminals involved.

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13
June 2011

Firestone boss runs Moscow practice from London as partner death probed

The Lawyer

The managing partner of a US law firm in Russia is being forced to run his firm from London after continuing to speak out against the authorities he believes are responsible for his former partner’s death.

The managing partner of a US law firm in Russia is being forced to run his firm from London after continuing to speak out against the authorities he believes are responsible for his former partner’s death.

Jamison Firestone is managing partner and co-founder of Moscow-based tax firm Firestone Duncan. In 2009 a partner at the firm, Sergei Magnitsky, died in custody after allegedly being refused medical treatment (TheLawyer.com, 30 November 2009).

Magnitsky had been held without trial for almost a year on charges of tax ­evasion as a consequence of an investigation into his client, investment company Hermitage Capital.

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06
April 2011

Who was Sergei Magnitsky?

The Daily Telegraph

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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07
March 2011

Hermitage Capital Sues Russian Ministry Over Tax Investigation

Bloomberg

Hermitage Capital Management, the $1.2 billion hedge fund run by William Browder, sued Russia’s Interior Ministry, accusing it of opening an improper tax investigation that defrauded the government out of $230 million.

Hermitage filed a lawsuit at Russia’s Constitutional Court last month that says the ministry had no justification for opening a 2007 tax probe into a company the hedge fund advised on investments in the country. The probe allowed the ministry to obtain Hermitage documents that were used to steal taxes the London-based hedge fund had paid to the Russian government, Hermitage said in a statement released today.

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16
November 2010

Adding Insult to Murder

Foreign Policy

15 November 2010 – One year ago tomorrow, Sergei Magnitsky was, for all intents and purposes, murdered after being held in a Russian jail for 358 days. Last week, Russian authorities figuratively spit on his grave as five officials connected to Magnitsky’s case were awarded commendations by the Interior Ministry. The evident absence of any accountability or justice in Russia has lead two members of the U.S. Congress to propose a visa ban and asset freeze against 60 Russian officials involved in the Magnitsky matter. Their efforts should be embraced by President Barack Obama’s administration, and European governments should adopt similar measures.

Magnitsky was a 37-year-old lawyer working for the Moscow firm Firestone Duncan where he represented the investment fund Hermitage Capital Management. Hermitage had been Russia’s largest foreign investor during the early Putin years — until, that is, its head, William Browder, ran afoul of certain Russian officials and had his visa revoked in 2005 on “national security” grounds. A British citizen, Browder had been pushing for greater rights for minority shareholders and better corporate governance among Russian companies. It seemed he pushed too far, especially against such prized state assets as Gazprom. In 2007, Russian authorities opened an investigation against him and Hermitage for tax evasion to the tune of $16.2 million.

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