European Lawmakers Call on the EU Foreign Policy Chief to Implement Magnitsky Sanctions

February 13, 2013

Ahead of the upcom­ing posthu­mous tri­al in Rus­sia of Sergei Mag­nit­sky, sched­uled in Moscow for next Mon­day, Euro­pean law­mak­ers called upon the Euro­pean Com­mis­sion Vice-Pres­i­dent Cather­ine Ash­ton to imple­ment EU-wide visa sanc­tions and asset freezes against Russ­ian offi­cials impli­cat­ed in the Mag­nit­sky case. The rec­om­men­da­tion to intro­duce visa sanc­tions and asset freezes was adopt­ed by the Euro­pean Par­lia­ment last Octo­ber in an over­whelm­ing vote in favor.
“The bro Read more

Moldova is Fifth Country to Launch a Money Laundering Investigation into the $230m Tax Rebate Fraud Uncovered by Sergei Magnitsky

February 11, 2013

The Moldovan author­i­ties have opened a crim­i­nal mon­ey laun­der­ing case on the basis of $53m of funds laun­dered through Moldo­va con­nect­ed to the $230m theft iden­ti­fied and exposed by Russ­ian anti cor­rup­tion lawyer Sergei Mag­nit­sky. The case was opened in response to a for­mal com­plaint filed by Her­mitage Cap­i­tal Man­age­ment in June last year, report­ed the EU Observ­er (http://euobserver.com/justice/118988). In the com­plaint, lawyers for Her­mitage Cap­i­tal iden­ti­fied 2 accounts at Moldova’s Ban­ca de Economii which received the funds stolen from the Russ­ian trea­sury via the scheme exposed by Sergei Mag­nit­sky. Those funds were then sent to Cyprus, Latvia, Lithua­nia, Esto­nia, Switzer­land, Aus­tria, Fin­land and Hong Kong. Read more

Kremlin Opens New Posthumous Case Against Magnitsky Holding him Responsible for Russian Default in 1998

February 1, 2013

Today it was report­ed by RIA-Novosti Russ­ian news ser­vice that Russ­ian law enforce­ment agen­cies have begun inves­ti­gat­ing Sergei Mag­nit­sky for alleged­ly being respon­si­ble for the Russ­ian default dur­ing the 1998 finan­cial cri­sis. This is the fourth posthu­mous accu­sa­tion put for­ward by Russ­ian author­i­ties, who refuse to inves­ti­gate offi­cials respon­si­ble for the thefts uncov­ered by Mr Mag­nit­sky, his arrest, ill-treat­ment and death in cus­tody. Mr Mag­nit­sky died more than three years ago, on 16 Novem­ber 2009 when he was found dead on the cell floor after the use of rub­ber batons and handcuffs.

“The Russ­ian author­i­ties look like they have gone com­plete­ly mad,” said a Her­mitage Cap­i­tal rep­re­sen­ta­tive. “In their attempt to escape from US and EU visa and finan­cial sanc­tions for the death of Mr Mag­nit­sky, they are com­ing up with cra­zier and cra­zier attacks against Mag­nit­sky in the hope of cloud­ing the debate about who killed him and why.” Read more

Amnesty International Demands the Russian Government Halt the Unprecedented Posthumous Prosecution of Sergei Magnitsky Which Starts Today

January 28, 2013

The forth­com­ing tri­al of dead whis­tle-blow­ing Russ­ian lawyer is a “trav­es­ty” and a “sin­is­ter” attempt to deflect atten­tion from those who com­mit­ted the crimes he exposed, said Amnesty Inter­na­tion­al, ahead of the posthu­mous tri­al which begins in Moscow today.

John Dal­huisen, Direc­tor of Europe and Cen­tral Asia for Amnesty Inter­na­tion­al, said:

“This posthu­mous pros­e­cu­tion is far­ci­cal, but unfor­tu­nate­ly also deeply sin­is­ter.” Read more

Estonian Authorities Have Traced $10 Million of Stolen Russian Government Money Uncovered by Sergei Magnitsky

January 25, 2013

Eston­ian author­i­ties have dis­cov­ered that $10 mil­lion of the $230 mil­lion of funds stolen from the Russ­ian gov­ern­ment and uncov­ered by Sergei Mag­nit­sky had been trans­ferred through Esto­nia accord­ing to pub­lic pros­e­cu­tor Piret Paukš­tys. The dis­cov­ery of funds was report­ed by Baltic Busi­ness News yes­ter­day (http://balticbusinessnews.com/article/2013/1/24/paper-10m-usd-laundered-in-estonia-in-magnitski-case). Read more

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