Bloomberg: Interview with William Browder

January 29, 2010

William Brow­der Says No Coun­try as Cor­rupt as Russia.

CBC Canada: Interview with William Browder.

January 28, 2010

Sergei Mag­nit­sky was try­ing to stop the mys­te­ri­ous forces steal­ing from his company.

Reuters: The $1.2 billion fraud alleged at Russia’s largest bank

January 22, 2010

Tucked away on page 4 of the Moscow Times today there is a remark­able arti­cle which made me won­der whether I wasn’t hallucinating.

The report states mat­ter-of-fact­ly that sev­er­al branch man­agers are being inves­ti­gat­ed for defraud­ing $1.2 bil­lion from Sber­bank, Russia’s largest bank. That’s accord­ing to com­ments made by Sberbank’s region­al man­ag­er for Moscow. The Moscow Times trans­lat­ed the arti­cle from Thursday’s edi­tion of the Russ­ian news­pa­per Vedo­mosti, where it appears on page 7.

Accord­ing to this arti­cle, Sber­bank sus­pects man­agers at three Moscow branch­es of dol­ing out “thiev­ing” loans, on the basis of “fic­ti­tious” doc­u­ments, to “dubi­ous” com­pa­nies. The scale of the result­ing loss­es at these three branch­es? “More than 35 bil­lion rou­bles” ($1.2 billion).

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WalterDuranty: The Sergei Magnitsky Murder: Siloviki Circle the Wagons

January 22, 2010

BROOKLYN, New York — It has been more than two months since the death of Sergei Mag­nit­sky, a Russ­ian lawyer who died in police cus­tody after being refused med­ical atten­tion. Mag­nit­sky rep­re­sent­ed British investor Bill Brow­der, founder of Her­mitage Cap­i­tal Man­age­ment, in a case involv­ing a huge tax fraud alleged­ly per­pe­trat­ed by Russ­ian police offi­cials and uncov­ered by Mr. Mag­nit­sky. He had spent near­ly a year in pre-tri­al deten­tion, impris­oned with­out charge by the very peo­ple he accused of per­pe­trat­ing the fraud against his clients and the Russ­ian government.

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The Spectator: There’s something rotten in the state of Russia

January 7, 2010

Pres­i­dent Dim­it­ry Medvedev was sup­posed to clean up his coun­try but, says Owen Matthews, feu­dal­ism, law­less­ness and cor­rup­tion suit all those keen to hold onto mon­ey and power.

There is a chill­ing sequence in Tsar, Pavel Lungin’s dark and bril­liant new film about Ivan the Ter­ri­ble. Ivan, played by the mer­cu­r­ial rock musi­cian Pyotr Mamonov, steps out of his pri­vate chapel wild-eyed after a long ses­sion of wheedling and bar­gain­ing with his God. The Tsar walks, lost in thought, through a series of rooms. As he shuf­fles along grov­el­ling boyars cer­e­mo­ni­al­ly dress him. One group gen­tly places a cloth-of-gold gown over his shoul­ders. Anoth­er group presents an embroi­dered col­lar, then cuffs, a crown and staff. Final­ly the Tsar emerges into the win­ter sun­light, gold­en and ter­ri­ble. The crowd of peo­ple who have been wait­ing for him since dawn pros­trate them­selves in the slush and the shit of the palace yard. Silence falls. The mes­sage is clear: for the grov­el­ling boyars and the grov­el­ling peas­ants alike, the Tsar is God’s mes­sen­ger on earth, the sole fount of world­ly pow­er and protection.

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