Posts Tagged ‘browder’
Russians accused of Swiss money laundering
Russian tax officials are being investigated for alleged money laundering in Switzerland, the federal prosecutor’s office has confirmed.
The Swiss money laundering reporting office received a complaint from legal representatives of an investment fund run by Hermitage Capital Management, a company based in Guernsey that specializes in Russian markets.
The company’s head, Bill Browder, who works out of London, said Switzerland has frozen the accounts of the husband of one of the Russian tax officials suspected of financial fraud.
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Assets probed in Russian lawyer’s killing
The people responsible for killing Russian lawyer Sergey Magnitsky have stolen money in European accounts, his former boss says.
Bill Browder, head of Hermitage Capital Management, and his staff have spent a year hunting the assets of Russian officials exposed in a $250 million tax fraud by Magnitsky soon before he was jailed, the EUObserver reports.
Magnitsky died under suspicious circumstances in police custody Nov. 16, 2009, after almost a year in prison.
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Stolen Russian tax money is in EU banks, US sleuth says
People responsible for the death of Russian lawyer Sergey Magnitsky have salted away stolen money in EU bank accounts, Magnitsky’s former employer has claimed.
Bill Browder, the US-born head of the UK investment firm, Hermitage Capital Management, and five of his staff have spent the past year hunting down the assets of Russian officials exposed in a €175 million tax fraud by Magnitsky shortly before he was jailed and murdered in his cell.
Browder scored a victory last week when Swiss authorities froze a number of accounts in the Credit Suisse bank following evidence brought to light by Hermiatge and broadcast on YouTube.
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Swiss freeze Russian accounts over giant tax swindle
The Swiss authorities have frozen the bank accounts of Russian tax officials alleged to have pulled off Russia’s largest tax fraud, a U.S. magazine has said.
Credit Suisse accounts held by a former Moscow tax bureau head, Olga Stepanova, and her deputies were blocked at the request of Swiss prosecutors, according to an article in Barron’s Magazine.
Stepanova is alleged to have approved a $230 million tax refund in 2007 to a ring of embezzlers masquerading as representatives of subsidiaries of British investment company Hermitage Capital Management, once the leading foreign portfolio investor in Russia.
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Russian Accounts Frozen at Credit Suisse
Swiss authorities have apparently closed bank accounts held by Russians alleged to have been part of a giant Russian tax swindle.
Swiss law enforcement officials have apparently frozen the Credit Suisse (ticker: CS) bank accounts of the Russians alleged to have participated in Russia’s largest reported tax swindle.
Records from those bank accounts formed the basis of a Barron’s story (“Crime and Punishment in Putin’s Russia,” April 18) which showed that the family of an influential Russian tax official, Olga Stepanova, became fabulously wealthy after she approved part of a $230 million tax refund to scammers in 2007 who used corporate identities stolen from the well-known Russia-focused hedge fund Hermitage Capital. When Hermitage and its attorney Sergei Magnitsky presented evidence that the conspiracy involved Stepanova and police officials in Russia’s Internal Ministry, the police instead arrested Magnitsky and kept him in detention until he died in prison in November 2009.
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Russian Court Sanctions Arrest of Hermitage Executive Cherkasov (updated with corrections)
The Other Russia
Update: This article has been corrected from earlier versions. Please see statement below. We apologize for any misunderstanding.
Moscow’s Tverskoy Court has sanctioned a warrant to arrest Hermitage Capital Management executive Ivan Cherkasov in absentia, Gazeta.ru reports.
Interior Ministry investigator Oleg Silchenko had announced on May 3 that he was seeking the arrest of Cherkasov, a colleague of deceased lawyer Sergei Magnitsky who has lived in London since 2006, on the basis that the Hermitage Capital executive has failed to pay 2 billion rubles in taxes.
Cherkasov’s lawyers asked the judge to delay the court hearing for several days to give them time to study court materials and prepare their defense with Cherkasov himself. However, as lawyer Aleksandr Antipov told the BBC’s Russian service, this request was denied with no explanation as to why.
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Magnitsky case police officials seek London arrest
Russian police officials accused of running an extortion racket want to arrest a London-based businessman on tax evasion charges.
Hermitage Capital, a British investment fund which used to be the largest portfolio investor in Russia until it was hit by a major tax scam, said today that Interior Ministry officials in Moscow were seeking an arrest warrant for Ivan Cherkasov, 41, a senior executive at the company’s UK offices.
Similar charges were brought against Sergei Magnitsky, a whistle-blowing Moscow lawyer who was hired by Hermitage Capital to investigate corrupt state officials. He ended up dying in custody in a case that has become an international cause celebre for those campaigning against official corruption inside Russia.
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Magnitsky’s Colleagues: He exposed a fraud and paid for it with his life
WPS: What the Papers Say
Once they recovered from the shock caused by the news of Sergei Magnitsky’s death behind the bars, his colleagues initiated an investigation of their own. They are convinced that Magnitsky was murdered because he had exposed a fraud costing the Russian treasury 5.4 billion rubles and because he was prepared to testify in an open trial. Hermitage Foundation is still following the trail of the vast sums gone from the treasury in the hope to unearth a connection with people on the so called Cardin’s List. A video appeared in the Internet last week, focused on the colossal sums to be found on foreign bank accounts of Vladlen Stepanov, the husband of the former chief of Moscow Tax Inspectorate No 28 Olga Stepanova. It had been Stepanova who authorized return of the billions of rubles from the budget on December 24, 2007.
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Russian police accused over dead lawyer
A commission appointed by President Dmitry Medvedev has found that Russian police fabricated charges against an anti-corruption lawyer, whose death in prison in 2009 has come to symbolise pervasive corruption in Russian law enforcement.
Sergei Magnitsky, a lawyer working for Hermitage Capital, formerly the largest portfolio investor in Russia, was imprisoned in 2008 after he reported a $230m tax fraud to Russian authorities, accusing police of carrying it out.
He died after almost a year in progressively worse conditions and was denied urgent medical care in an effort to coerce him to change his testimony, according to human rights groups. The federal prison service has admitted it was partly responsible for the death in custody.
The case has become one of the biggest headaches faced by Russia’s government which has yet to charge anyone. No one has yet been charged over the death, despite overwhelming evidence that Magnitsky was forcibly silenced by corrupt police officers.
An investigation by the Russian prosecutor’s office, ordered by Mr Medvedev in December 2009, has still not been completed.
One key figure, Oleg Silchenko, the interior ministry officer who signed the orders detaining Mr Magnitsky without trial for nearly a year until his death, was even promoted last July to Lt Col.
On Tuesday, Russian law enforcement suffered yet another blow when Mr Medvedev’s own human rights commission, staffed by independent lawyers, said the charges against Mr Magnitsky in 2008 had been “fabricated” by the police officers who arrested him, and had no legal basis.
At least one of these officers, Lt Col Artyom Kuznetsov, was among the men Mr Magnitsky had accused of participating in the $230m fraud. Mr Kuznetsov has refused to comment on the case.
The denial of medical care in prison was intended to coerce Mr Magnitsky to change his testimony against interior ministry officials, according to a December 2009 report by the Moscow Public Oversight Commission, created by Mr Medvedev to oversee human rights in jails.
The report shown to journalists on Tuesday was commissioned by Mr Medvedev at a meeting on human rights in the Russian city of Yekaterinburg on February 1, in which he asked his human rights council to examine the legal bases for the arrests of Mr Magnitsky. “The accusations against Magnitsky were fabricated by employees of the MVD [Interior Ministry] and FSB [Federal Security Service]” said the report.
Police had arrested Mr Magnitsky in 2008 on charges of evading taxes in 2001 which the council’s report ruled was baseless because he had been since cleared of any wrongdoing by the Russian Tax Service. In any event the time limit on such charges would have expired in 2004, according to the report.
William Browder, head of Hermitage Capital, said he welcomed the report, but added: “Everybody knows that Sergei Magnitsky was falsely accused, arrested, and killed by the interior ministry. The real question is why Mr Medvedev and the Russian government are unable or unwilling to do anything to punish his murderers.”
The Russian Interior Ministry has said that it is awaiting the results of the formal investigation currently being conducted by the prosecutor’s office, which was begun on Mr Medvedev’s order in December 2009.
“There are supervisory bodies, in this case the prosecutor’s office, and it is in their competency to make such judgements. We will leave this announcement with commentary”, the interior ministry said on Tuesday. hairy girl hairy woman https://zp-pdl.com/online-payday-loans-cash-advances.php https://zp-pdl.com/apply-for-payday-loan-online.php займ на карту
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