While Mikhail Khodorkovsky has gained his freedom, he won’t get back the $36 billion oil company that was taken from him and minority shareholders a decade ago. The memory of those losses lingers for investors who pulled $3.5 billion from Russian equity funds this year.
Hermitage Capital Management founder William Browder won the dismissal of a U.K. libel case filed by a former Russian policeman accused of playing a part in the 2009 death of legal and tax adviser Sergei Magnitsky.
HSBC Holdings Plc is closing Hermitage Capital Management Ltd.’s flagship Russia fund just as its co-founder, William Browder, is being sued for libel in London and tried in absentia for tax evasion in Moscow.
Russia opened a criminal case into purchases of OAO Gazprom stock by Hermitage Capital Management Ltd. as prosecutors prepare for the trial of the fund’s founder and his dead legal adviser on tax-fraud charges.
Russian authorities plan to formally charge Hermitage Capital Management Ltd. founder William Browder with tax evasion as a possible step toward requesting his extradition from the U.K., an official said.
Interpol rejected Russia’s request for help in tracking Hermitage Capital Management Ltd.’s co- founder William Browder, charged in absentia with damaging the country’s interests by buying OAO Gazprom shares at a discount more than a decade ago.
Russia will ask Interpol for assistance in a case against Hermitage Capital Management Ltd.’s co-founder William Browder, who’s charged in absentia with damaging Russian interests by buying OAO Gazprom shares at a discount more than a decade ago.
Switzerland has opened a money- laundering probe at the request of Hermitage Capital Management Ltd., the first criminal investigation outside Russia linked to the death of lawyer Sergei Magnitsky in a Moscow prison.
Hermitage Capital Management Ltd., a $1.2 billion hedge fund firm, is urging countries in Europe and North America to sanction Russian officials implicated in the death of lawyer Sergei Magnitsky in a Moscow jail.
Russia plans to try William Browder, head of London-based Hermitage Capital Management Ltd., for tax evasion, along with Sergei Magnitsky, the fund’s lawyer who died in custody in 2009, RIA Novosti said.