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.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note