Posts Tagged ‘paul connolly’

22
October 2013

Why we’re in need of our own Kremlin crusader…

Belfast Telegraph

The peoples of two countries own a great deal of gratitude to a man called Bill Browder. First of all, there are the citizens of Russia. And then there are the people of the UK.

Actually, I need to correct the latter sentence. It’s the people of the UK, excluding Northern Ireland. But more of that later.

As the super-wealthy boss of Hermitage Capital Management investment fund, Mr Browder is not immediately a figure you’d expect elicits much sympathy from ordinary folk.

But Bill Browder is different. He is at the centre of a long-running and dangerous feud with the government of Vladimir Putin.

It’s a complicated affair, but essentially Mr Browder, after 10 years of doing business in Russia, was blacklisted as a “threat to national security”.

According to The Economist, this was because he interfered with the flow of money “to corrupt bureaucrats and their businessmen accomplices”.

Corruption allegations in Russia aren’t new, but the Bill Browder affair degenerated into a spectacular morass of claim and counter-claim.

Infamously, his colleague Sergei Magnitsky, a Russian auditor and accountant, died on remand in a Russian jail after a life-threatening medical condition was not treated in spite of warnings.

Equally infamously, in July this year, Magnitsky was convicted of tax evasion, believed to be first trial in Russian history involving a dead defendant. It was state revenge of a most bizarre kind.

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