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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