Posts Tagged ‘kostin’

30
January 2012

Russia Criticized for Corruption at Davos Forum

Fox News

Russia is hugely represented here at the World Economic Forum.

Bill Browder of Hermitage Capital takes issue with that. “There are so many examples of high level government crime in Russia that it’s almost ridiculous that Russia is allowed to come here as a country displaying its wares. It’s like inviting the Cali drug cartel to Davos.”

Browder was one of the biggest foreign investors in Russia and a vocal anti-corruption campaigner. He was expelled from Moscow in 2005. His offices were raided in 2007. Subsequently his lawyer, Sergei Magnitsky was arrested.

Browder says, “he was tortured for 358 days and ultimately killed in prison.”

Magnitsky uncovered $230 million in tax money Browder’s company had paid to the state, but which was ultimately stolen, according to Browder, by tax police who squirreled it away in bank accounts in places like Switzerland.

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