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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...