Hermitage Reveals $230 Million Stolen From Russian People

October 8, 2009

Today, Octo­ber 8, 2009, inves­ti­ga­tors from the Russ­ian Inte­rior Min­istry announced charges against Her­mitage Cap­i­tal Management’s legal adviser, Sergey Mag­nit­skiy, and alle­ga­tions against Hermitage’s CEO, William Brow­der.
These charges and alle­ga­tions have been fab­ri­cated and brought directly in response to Her­mitage and Mag­nit­skiy impli­cat­ing cer­tain Inte­rior Min­istry offi­cials in the theft of $230 mil­lion from the Russ­ian budget.

Due to the high level of cor­rup­tion in the Russ­ian Inte­rior Min­istry, along with the arbi­trary pow­ers they posses, many Russ­ian news­pa­pers have been afraid to write about the Inte­rior Ministry’s role in this fraud. In an envi­ron­ment like this, where the free­dom of the press is com­pro­mised, it is nec­es­sary to use new chan­nels of com­mu­ni­ca­tion to fight cor­rup­tion in Rus­sia. In order to avoid putting Russ­ian jour­nal­ists at risk, we are, there­fore, releas­ing the fol­low­ing YouTube video to lay out story in full.

Comments

2 Responses to “Hermitage Reveals $230 Million Stolen From Russian People”

  1. James on October 12th, 2009 19:47

    Thanks for this video — it is very intrigu­ing to see so many names named from inside the Inte­rior Min­istry. Have spe­cific writ­ten mate­ri­als been pre­pared about these indi­vid­u­als, or other doc­u­men­tary evi­dence been offered some­where on this site?

    Hillary Clin­ton is arriv­ing in Moscow today, and there should be dis­cus­sion of her rais­ing the issue of these indi­vid­u­als, to ask what is being done to deal with ele­ments of cor­rup­tion within these ministries.

  2. Nikolaevi4 on October 28th, 2009 23:52

    Hillary Clin­ton if they wanted to not be able to influ­ence devel­op­ments in this story. This is a busi­ness in Russian.

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