Archive for September 13th, 2010

Spotlight Series: Bill Browder advises “proceed with caution”

September 13, 2020

William (Bill) Browder co-founded Hermitage Capital Management in 1996, and became the largest foreign investor in the Russian stock market. Then in November 2005, he was suddenly refused entry into Russia on the premise that he was “threat to national security.”

In June 2007, officers from the Moscow Interior Ministry raided the Hermitage offices, documents were seized and ownership of the Hermitage Fund’s Russian companies transferred to a criminal group. When Hermitage Capital’s tax lawyer Sergey Magnitsky testified about government officials involvement in a tax fraud that refunded US$230 million, that Hermitage had paid two years earlier, to the criminal group, he was imprisoned without trial where he died 11 months later.

In an interview with the Spotlight Series, Bill explains how he is working with international governments on his mission to lift the lid on corruption.

Post Under: General


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