Posts Tagged ‘the foundry’

12
July 2011

The Sergei Magnitsky Case: An Admission of Guilt

The Foundry

On July 5 the Russian Human Rights Council published its report on the now infamous—and mysterious—death of the lawyer Sergei Magnitsky. An attorney for the Moscow-based American law firm Firestone Duncan, he represented Hermitage Capital, which was at the time the largest Western hedge fund in Russia.

Magnitsky died while in custody awaiting trial for a fabricated tax evasion charge. He was jailed after he accused Russian officials of fraudulently obtaining $230 million in tax rebates from the Russian Treasury using a sophisticated swindle. These were the same officials who prosecuted Hermitage and barred its owner, Bill Browder, from returning to Russia for reasons the state refused to reveal.

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