Politically-motivated abuses of the criminal justice system
August 7, 2009
Excerpts from the report, published by the Committee on Legal Affairs and Human Rights on allegations of politically-motivated abuses of the criminal justice system in Council of Europe member states with recommendations on series of steps to strengthen the independence of judges and prosecutors across Europe to end politically-motivated interference in individual cases.
Inter alia the Committee calls for a series of reforms to reduce the political and hierarchical pressures on judges and put an end to the harassment of defence lawyers in order to combat “legal nihilism” in the Russian Federation, as a precondition also for successful co-operation between Russian and other European law enforcement authorities.
Testimony of William Browder. Commission on Security & Cooperation in Europe the U.S. Helsinki Commission.
June 23, 2009
”Mr. Chairman and Distinguished Members of the Commission, thank you for inviting me to appear before you today.
I have been asked to share my thoughts on the rule of law in Russia. Unfortunately, my own personal experience shaped by fifteen years of investing in that country confirms to me that the situation in Russia is not a pretty picture, and it is getting worse.
When I first started Hermitage in the mid-1990’s, my clients would ask me about the Russian horror stories they had heard of shareholders getting wiped off corporate registries, having assets stolen by crooked management or being the targets of corrupt government officials seeking bribes. What I was able to tell my investors back then is that while corporate governance was terrible, valuations were cheap, and investors would make money as Russia evolved from “horrible” to just “bad.” I am here today to tell you that Russia is reverting. The investor horror stories that were largely fantastic in the 1990’s are now commonplace. The situation in Russia is going from “bad” back to “horrible” and it will be more than just investors who lose out in this process.
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