11
March 2011

Biden Decries Russian Corruption During Visit

Wall Street Journal

U.S. Vice President Joe Biden told a university audience here Thursday that “only bold and genuine change” on corruption, the rule of law and democracy in Russia will guarantee improved economic relations between the former Cold War superpowers.

Speaking at Moscow State University on a weeklong European swing, he addressed what he called impediments to business investment, citing the case of Sergei Magnitsky, a lawyer who was arrested and died in custody in 2009 after accusing the police of corruption; demonstrators who were beaten and detained last year while advocating for the right to peacefully assemble; and Mikhail Khodorkovsky, the Russian oligarch whose second trial on new charges of embezzlement and money laundering was clouded with allegations of misconduct.

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11
March 2011

Biden touts US-Russian trade in Moscow speech

Boston Herald

U.S. Vice President Joe Biden has told a Moscow audience that Washington supports Russia’s accession to the World Trade Organization because it will lead to greater trade between the two countries.

Speaking at Moscow State University, Biden said “it’s better for America and I believe better for Russia to be able to trade with each other under predictable and transparent rules.”

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10
March 2011

Hermitage Sues Russia Interior Ministry

FIN Alternatives

Hermitage Capital Management has sued Russia’s Interior Ministry, accusing it of abuse of power.

According to the hedge fund, once one of the largest foreign investors in Russia, the ministry had no basis for launching a tax investigation of Hermitage in 2007. Hermitage claims that Interior Ministry officials used the pretense of that investigation to raid the hedge fund’s offices and seize documents that they later used to defraud the Russian government of US$230 million in taxes paid by Hermitage.

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10
March 2011

Russia pressured on Sergei Magnitsky death

Law Society Gazette

Prime minister David Cameron has thrown his weight behind a campaign to expose the truth behind the death of a lawyer investigating an alleged £142m fraud against a UK company in Russia.

Sergei Magnitsky (pictured) was working for UK investment firm Hermitage Capital when, after alleging a £142m tax fraud by Russian officials, he was arrested and allegedly tortured. On 16 November 2009, one year after being detained, he died in police custody in Moscow.

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07
March 2011

Hermitage Capital Sues Russian Ministry Over Tax Investigation

Bloomberg

Hermitage Capital Management, the $1.2 billion hedge fund run by William Browder, sued Russia’s Interior Ministry, accusing it of opening an improper tax investigation that defrauded the government out of $230 million.

Hermitage filed a lawsuit at Russia’s Constitutional Court last month that says the ministry had no justification for opening a 2007 tax probe into a company the hedge fund advised on investments in the country. The probe allowed the ministry to obtain Hermitage documents that were used to steal taxes the London-based hedge fund had paid to the Russian government, Hermitage said in a statement released today.

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03
March 2011

David Cameron to pressure Russia over lawyer’s death

Evening Standard

David Cameron has pledged to press Russia to investigate the death in custody of a lawyer who accused police of complicity in a £141 million tax fraud.

The Prime Minister, who will visit Russia this year, said he was “deeply concerned” by the death of Sergei Magnitsky, 37.

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03
March 2011

Cameron voices concerns over Russian lawyer’s death

Financial Times

The UK has urged the Kremlin to reveal the findings of an investigation into the death in custody of a Russian corporate lawyer who alleged police corruption.

Sergei Magnitsky, a lawyer working for Hermitage Capital, a Russian investment fund, died in a Moscow jail in 2009 after testifying against police for alleged complicity in a $230m tax fraud using companies that belonged to his client.

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03
March 2011

British PM “concerned” about Russian lawyer death

Reuters

British Prime Minister David Cameron is “deeply concerned” about the 2009 prison death of a Russian lawyer and has raised the case with Russia’s foreign minister, he said in a letter made public on Wednesday.

Sergei Magnitsky, a 37-year-old lawyer for Russia’s one time biggest equity fund, Hermitage, died in November 2009 after nearly a year in Russian jails.

Colleagues and human rights activists say he was denied adequate medical treatment and subjected to conditions that amounted to torture in a case that has sparked international condemnation and spooked investors.

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03
March 2011

David Cameron tackles Russians over Hermitage lawyer death

Daily Telegraph

David Cameron has said he is “deeply concerned” by the death of London-based hedge fund Hermitage Capital’s lawyer in Russian prison in 2009 and has promised to raise the case in on a state visit to the country.

In a letter written to Bill Browder, the boss of Hermitage, which was once Russia’s biggest equity fund, David Cameron said that the mystery surrounding the death of Sergei Magnitsky had “implications for the rule of law and respect for human rights in Russia”.

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