Russian President Seeks Probe Of Hermitage Lawyer’s Allegations

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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…