Sunday, February 17, 2013

Russia To Try Hedge Fund Lawyer Posthumously

Russia To Try Hedge Fund Lawyer Posthumously















The Magnitsky case has become a major sore spot between Russia and the west. A U.S. law freezing the assets of and denying visas to 60 Russian officials Browder alleges were involved with Magnitsky's death led to a retaliatory law from Russia, barring U.S. citizens from adopting Russian children.Russia's Investigative Committee said in a statement on Tuesday that it had finished its preliminary investigation of the tax evasion case that led to the arrest of Magnitsky in 2008.


For foreign investors, Magnitsky's case has become a source of concern over the fairness of Russia's judicial system.
US-born fund manager Bill Browder, who runs Hermitage Capital, spearheaded efforts in the US to put pressure on Russia over the Magnitsky case. Mr Browder was a major investor in Russia before Mr Magnitsky's arrest. is death became an international cause-celebre and the United States passed a law in his name calling for sanctions on Russians accused of involvement in the fraud.


Browder also alleged that the Russians may have killed a person he called a whistleblower helping him trace some stolen tax money. 44-year-old Alexander Perepilichny dropped dead in London a few months ago; Browder said he was in otherwise good health and that the cause of his death is unclear.







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