Posts Tagged ‘browder’

04
July 2011

Russia blames prison over top lawyer’s death

Agence France Presse

Russian investigators on Monday for the first time acknowledged that medical neglect was responsible for the death in pre-trial detention of Western investment fund lawyer Sergei Magnitsky.

The 37-year-old Hermitage Capital investment fund attorney’s death in November 2009 in a holding cell at Moscow’s Matrosskaya Tishina sparked outrage among international rights groups and drew condemnation from Western states.

His case came to symbolise both the perils facing Western businesses in Russia and the seeming gap between President Dmitry Medvedev’s more liberal rhetoric and his actual reform accomplishments.

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04
July 2011

Russia to Prosecute Officials Linked to Magnitsky’s Death

Bloomberg

Russian prosecutors plan to charge officials linked to the death of Sergei Magnitsky, a lawyer for Hermitage Capital Management Ltd. who died in a Moscow prison in 2009 after almost a year in pre-trial detention. Officials will face criminal prosecution for refusing timely medical treatment to Magnitsky, who was 37 when he died of heart failure, including on the day of his death, Russia’s Investigative Committee said today on its website.

“The failure to provide Magnitsky with adequate medical treatment was a direct cause of his death,” the committee said, citing the results of a medical probe.

The announcement came less than two months after President Dmitry Medvedev said all guilty parties in Magnitsky’s “tragic” death should be punished. The lawyer said he was abused and denied medical care to force him to drop allegations of a $230 million tax fraud by Interior Ministry officials.

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04
July 2011

Dutch MPs impose sanctions on under-fire officials, but Moscow bids to arrest dead lawyer’s colleague

Moscow News

Europe’s relations with Russia have been handed another test, as Dutch lawmakers voted unanimously to slap sanctions on Russian officials on the ever more notorious Magnitsky list.

In The Hague, 150 Dutch MPs voted in favor of sanctions against 60 officials implicated in the prosecution and death in disputed circumstances of Sergei Magnitsky.

Magnitsky was a lawyer with British hedge fund Hermitage Capital and claimed to have exposed how Russian officials had embezzled $230 million of public funds.

But on the same day that Magnistky supporters were clapping themselves on the back a Moscow court issued an arrest warrant for Ivan Cherkasov, Magnitsky’s old colleague.

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28
June 2011

Russia Eases on William Browder

Robert Amsterdam

Any regular reader of this blog is no stranger to William Browder’s roller-coaster history as a foreign investor in Russia, a one-time success story turned ultimate victim, including the horrific death in prison of his lawyer Sergei Magnitsky following torture by denial of medical services.

While still no one has ever been held accountable for the death of Magnitsky, and instead of investigations into the matter the prosecutors seem much more interested in producing cases and investigations against the victims, today Kommersant is reporting some small developments that may indicate a softening stance towards Browder.

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28
June 2011

Browder to fight on despite moves to wind down his case

Emerging Markets

Bill Browder, the head of the Hermitage Capital, is to carry on fighting for justice in the Sergei Magnitsky case even as a criminal case against his UK-based hedge fund seems to be winding down.

Kommersant yesterday reported that documents relating to Browder’s criminal case for alleged tax evasion were sent to the head police department of Moscow’s central administrative district and Browder was removed from the international wanted list.

These changes are believed to be linked with Russian President Dmitry Medvedev’s order to look into the case against Magnitsky, Hermitage Capital’s lawyer who had died in pre-trial detention over a year ago. Magnitsky was held on remand in 2008 on tax evasion charges after attempting to defend Hermitage, once Russia’s top foreign investor, against the same charges.

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16
June 2011

Investors to Gauge Climate at Forum

The Moscow Times

When corporate leaders from around the globe gather in St. Petersburg on Thursday for the International Economic Forum, they will be treated to a picture of the country as modern and investor-friendly.

Special features this year include morning yoga, a business regatta and an open-air performance from British pop legend Sting on the city’s Dvortsovaya Ploshchad on Thursday evening, according to the forum’s cultural program.

Yoga might be welcome by participants eager to understand what is being said between the lines.

The Indian meditation practice aimed at achieving spiritual tranquility is reportedly a favorite pastime of President Dmitry Medvedev, who will attend the forum Friday and Saturday.

It is Medvedev’s political future that vexes investors as political uncertainty mounts in the run-up to December’s State Duma elections and the question over whether his “tandem” with Prime Minister Vladimir Putin will continue after the March 2011 presidential vote.

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16
June 2011

Internet: Web becomes valued forum for free speech

Financial Times

When state television showed a dynamic Vladimir Putin at the wheel of a yellow Lada touring the provinces after devastating forest fires, a fuller picture was to be found on the internet.

Video shot by laughing onlookers and uploaded to the net showed that the prime minister was in fact followed by a motorcade of at least two dozen vehicles, including three spare yellow Ladas in case of a mechanical breakdown.

There are few sectors that better reflect Russia’s lopsided development than the internet. The web has grown strongly as a business, drawing on the nation’s strengths in maths and science to produce a domestic search engine, Yandex, that describes itself as “better than Google”.

Yet the government’s efforts to foster a Russian Silicon Valley outside Moscow show how a poor investment climate is letting down that human potential.

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12
June 2011

Short note on the extraordinary delegation meeting regarding the case of Sergey Magnitsky

Werner Schulz MEP – Blog

On the 26/5/11the Parliamentary Cooperation Committee EU-Russia invited Mr Browder of the Hermitage Capitel Management and Mr Wiegand, Director for Russia from the EEAS, to update the European Parliament on developments regarding the Magnitsky case. A short report of the meeting.

Sergey Magnitsky died in pre-trial last year after having discovered a large scale corruption scandal. Magnitsky, who believed in justice and who did not want to give on pressure from officials that were serving their own pocket, did not survive the bitter fight he started against the Russian bureaucratic system. He was a lawyer for the Hermitage. His colleagues were shocked and in despair when they heard about his death.

Mr. Browder, the director of Hermitage had his heart broken at the moment he got the news of his death. Since that day he has been fighting for the justice Magnitsky was fighting for.

Mr Wiegand set out the attempts by the EU to get clarification on the case. The EEAS welcomed the resolution by the EP of December last year. In the meantime the case is mentioned at high level meetings with Russian officials. Also Medvedev´s promise to support an official investigation in the case is considered as a positive step. Until no official outcome of the investigations has been published, the EEAS will refrain from taking measures against Russian officials as was laid out in the resolution.

Mr. Browder also expressed its full satisfaction with the resolution adopted by the EP. However he is very concerned about promotions and awards recently given to officials that were involved in the case and outlined a number of indications of the Russian authorities to denial any crimes convicted by authority officials in relation to the death of Sergey Magnitsky.

Mr. Browder asked specifically for actions taken against the 60 officials as was proposed in the EP resolution, he is also of the opinion that neither the independent, nor the official investigation will lead to conviction of officials. Mr. Browder considers this case also as a clear example of grave shortcomings of the rule of law in the Russian Federation and believes that there are many more cases like Magnitsky where innocent civilians have become victim of activities of corruption and crimes by authority officials. unshaven girls займ срочно без отказов и проверок https://zp-pdl.com/online-payday-loans-cash-advances.php https://zp-pdl.com/get-a-next-business-day-payday-loan.php hairy woman

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07
June 2011

Congress goes after Russian officials for human rights violations

Foreign Policy

President Barack Obama is set to meet with Russian President Dmitri Medvdev on May 26 in France on the sidelines of the G-8 meetings. In advance of that meeting, Congress has unveiled a new bill to force the administration to sanction Russian officials for human rights violations.

“One of the core foreign policy objectives when we came into office was the Russia reset,” Deputy National Security Advisor Ben Rhodes told reporters on a conference call on Friday. “It has been one of the most productive relationships for the United States in terms of the signing and ratification of the New START treaty, cooperation on nuclear security, cooperation with regard to Iran sanctions and nonproliferation generally, the northern distribution network into Afghanistan that supports our effort there, and our discussions with Russia about expanding trade ties and their interest in joining the WTO, as well as Russia’s increased cooperation with NATO that was manifested by the NATO-Russia meetings in Lisbon.”

But Rhodes didn’t mention what most in Congress see as Russia’s backsliding on issues of democracy, freedom of the press, and human rights. A large group of senators introduced a bill on Thursday afternoon that they hope will force the administration to address this issue. Called the Sergei Magnitsky Rule of Law Accountability Act of 2011, it is named after the anti-corruption lawyer who was tortured and died in a Russian prison in 2009. The bill targets his captors as well as any other Russian officials “responsible for extrajudicial killings, torture, or other gross violations of human rights.”

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