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CONTENTS

THE CRIME THE COVER-UP THE OFFICIAL POSITION

THE CRIME

Police Raid Hermitages Offices in Moscow


On 4 June 2007, Lt. Col. Artyom Kuznetsov and 25 Interior Ministry officers raided the Moscow offices of Hermitage Capital and seized all original corporate documents for the Hermitage Fund.

LT. COL. ARTYOM KUZNETSOV & THREE SUBORDINATES

JUNE 4, 2007: RAID ON MOSCOW OFFICES OF HERMITAGE CAPITAL

MAGNITSKYS TESTIMONY:
I was told that the office was searched, and the person in charge was Kuznetsov Lawyer was not allowed in. [Instead of using a search warrant], police officers had a separate list of companies and they were seizing the documents for companies from that list.

Krechetov

Droganov

Tolchinsky All servers and computers were confiscated. Two van-loads of documents were taken

Source: Complaint to Russian authorities by Hermitage Fund lawyer, 3 December 2007 http://russian-untouchables.com/rus/docs/D50.pdf; Magnitskys testimony to the Russian Investigative Committee, 5 June 2008 - http://russian-untouchables.com/rus/docs/D64.pdf

THE CRIME

A Change of Directors
Documents seized by the police were used to fraudulently re-register the Hermitage Funds Russian companies and change directors from HSBC to convicted criminals. HSBC PRIVATE BANK (GUERNSEY) LIMITED
Trustee to Hermitage Fund
100% 100%

V. MARKALOV

Corporate Director

Corporate Director

OOO PLUTON
Kazan, Tatarstan
100% 100%

GLENDORA HOLDINGS LTD.


Cyprus

KONE HOLDINGS LTD.


Cyprus

100%

100%

V. KUROCHKIN
General Director General Director General Director Convicted for theft!

V. MARKELOV
Convicted for manslaughter!

V. KHLEBNIK
Convicted for burglary!

OOO RILEND
Moscow

OOO PARFENION
Moscow

OOO MAKHAON
Moscow

OOO RILEND
Moscow

OOO PARFENION
Moscow

OOO MAKHAON
Moscow

Source: Complaint to Russian authorities by Hermitage Fund lawyer, 3 December 2007: http://russian-untouchables.com/rus/docs/D50.pdf; Magnitskys testimony to the Russian Investigative Committee, 5 June 2008: http://russian-untouchables.com/rus/docs/D64.pdf

THE CRIME

$230 M. in Taxes, Stolen from the Russian People


On 24 December 2007, Moscow Tax Authorities approved in one day a transfer of $230 million of taxes paid by Hermitage Funds companies to the accounts opened by criminals under the guise of an overpaid tax refund

$230 MILLION STOLEN BY CRIMINALS TAXES PAID BY HERMITAGE FUND COMPANIES


February 2006

FRAUDULENT TAX REFUND APPROVAL


24 December 2007

Source: Approval of $230 Million Tax Refund by Moscow Tax Offices No 25 and No 28, 24 December 2007