CNN: William Browder on corruption
October 14, 2009
Bill Browder is foremost amongst the doubters. His investment fund was once the biggest foreign investor in Russia, but he says his methods exposing corruption and poor corporate governance in the companies he invested in, angered the Russian authorities, got his assets seized and his visa revoked, though Russia has denied targeting him.
BILL BROWDER, HERMITAGE CAPITAL: As a long-term investment, Russia is too risky. As a short-term investment, there are many moments when it could make sense. But the problem with the Russia is you can’t predict whether your property will be left to its own devices or taken away at any moment because somebody wants it because it’s valuable.
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