Posts Tagged ‘prime miinister’

September 2011

The Murky World Of Russian Business Deals

Sky News

No-one knows the challenges of operating a business in Russia better than Bob Dudley – the CEO of BP who is travelling there alongside David Cameron.

Mr Dudley was kicked out of the country in 2008 after claiming he had been harassed by the Russian government. BP say their Moscow offices were raided illegally only last week.

In his speech at Moscow University, David Cameron said British companies “need to have faith that the State, the judiciary and the police will protect their hard work and not put the obstacles of bureaucracy, regulation and corruption in their way”.

Corruption is endemic in Russian business – so says Bill Browder, of London-based Hermitage Capital.
He says his lawyer, Sergei Magnitsky, died an agonising death in a Moscow jail at the hands of the people who arrested him after he uncovered a state-committed fraud worth millions of pounds.

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