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    Hermitage Capital, The Russian State and The Case of Sergei Magnitsky

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    HermitageCap
    1) William Browder founded Hermitage Capital, an investment fund that invested in Russian companies. To evaluate companies, Browder analyzed how much money company managers were stealing. …
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    Hermitage Capital, The Russian State and The Case of Sergei Magnitsky

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    HermitageCap
    5K views18 pages
    1) William Browder founded Hermitage Capital, an investment fund that invested in Russian companies. To evaluate companies, Browder analyzed how much money company managers were stealing. 2) Browder publicized fraud at major Russian companies like Gazprom through Western media. This put pressure on the Russian government to address the fraud. Browder found common cause with Putin in fighting oligarchs stealing assets and power. 3) After Mikhail Khodorkovsky's arrest in 2003, oligarchs aligned with Putin to avoid similar treatment. However, Browder continued publicizing fraud. In 2005, he was denied entry to Russia and his business was targeted in an $230 million tax refund fraud uncovered by lawyer Sergei Mag

    Original Description:

    REP Roundtable Summary: Hermitage Capital, the Russian State, and the Case of Sergei Magnitsky

    Original Title

    Hermitage Capital, the Russian State and the Case of Sergei Magnitsky

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    5K views18 pages

    Hermitage Capital, The Russian State and The Case of Sergei Magnitsky

    Uploaded by

    HermitageCap
    1) William Browder founded Hermitage Capital, an investment fund that invested in Russian companies. To evaluate companies, Browder analyzed how much money company managers were stealing. …
    Full description
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