Even before the Ukraine standoff, foreign companies in Russia say they were alarmed by the number of executives being deported for minor infractions. Now with the West preparing sanctions, they’re bracing for more.
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.
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.
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.