Posts Tagged ‘gazpriom’

05
March 2013

Russia Says New Fraud Charges Against Browder

Wall Street Journal

Russian authorities announced new fraud charges against U.S.-born investor William Browder, escalating pressure in a politically charged case that has fueled tensions between Moscow and the West.

The new charges come as a Moscow court is set to begin hearings in a rare posthumous trial of Mr. Browder’s former lawyer, Sergei Magnitsky, on tax-evasion allegations next week.

Mr. Magnitsky died in a Moscow jail in 2009 after exposing what he and Mr. Browder claimed was a $230 million fraud perpetrated against the Russian government by senior police and security officials. A Kremlin human rights commission said in 2011 that Mr. Magnitsky was beaten and deliberately denied medical treatment, leading to his death. Russian authorities deny any wrongdoing and lower-level prison officials charged in the case have been acquitted.

The U.S. government, pushing for a full investigation of his death and the corruption allegations, passed a law known as the “Magnitsky Act” last year that imposes visa bans and asset freezes on Russian officials allegedly implicated in the case and other violations of human rights. The law triggered some of the worst tensions in years between Moscow and Washington. The Kremlin denounced the measure as unjustified interference in Russia’s affairs and retaliated by banning adoption of Russian children by Americans.

Mr. Browder, a U.K. citizen, is now pushing for passage of similar restrictions in Europe. He said Tuesday the new charges were “retaliation” for his global campaign. A Russian Interior Ministry spokesman denied that. Officials said they would seek his extradition to Russia, though so far western law-enforcement agencies haven’t cooperated in the probes.

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