Thursday, 5 March 2015
Last updated 2 hours ago
Aug 27 2010 | 10:27am ET
For the second time, Russia’s president has ordered an inquiry into the death of hedge fund lawyer Sergei Magnitsky.
Dmitri Medvedev has asked the country’s general prosecutor office to investigate the allegations of torture and denial of medical care during his year in one of Moscow’s most notorious prisons. The president had previously ordered an inquiry into Magnitsky’s death.
Magnitsky, a lawyer for hedge fund Hermitage Capital Management, had been held on charges of tax evasion—Russia has leveled similar charges against Hermitage and founder William Browder. For its part, Hermitage claims that Russian interior ministry officials, including police officials, have defrauded the hedge fund of hundreds of millions of dollars.
The prosecutors are now deciding whether to launch a formal investigation, following the forwarding of the request by Medvedev from TAGLaw, an international legal organization that Magnitsky belonged to.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…