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.

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