Posts Tagged ‘hedge fund’

07
February 2012

Russian Authorities Are Continuing Their Trial Against A Hedge Fund Lawyer — Even Though He Already Died In Prison

Business Insider

Sergei Magnitsky, a lawyer for Hermitage Capital, tragically died in Russian custody in 2009, and a somewhat official report last year found that police torture contributed to his death.
However, despite his death, Magnitsky is still on trial.

Ria Novosti reports that the Russian Interior Ministry have told the Magnitsky family that they have concluded an initial investigation and they were ready to submit the case against the late Magnitsky to court.

Magnitsky had been arrested for tax evasion shortly in 2008, not long after he had accused tax and police officials of carrying out a hefty $230-million tax scam. The CEO of Hermitage Capital, William Browder, also faces charges but had fled the country. The case against Browder had reached the statute of limitations but now appears to have been reopened.

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