Thursday, April 18, 2013

Fund manager is a wanted man


The Daily Telegraph reports that Russian prosecutors have asked a court to issue an international arrest warrant for William Browder, the millionaire British hedge fund manager who has become a major thorn in the Kremlin’s side over his criticism and exposés of official corruption.

Investigators in Moscow have charged Mr Browder, the founder of Hermitage Captial Management, with tax evasion in a case which human rights groups have largely dismissed as political. His co-accused is Sergei Magnitsky, the whistleblowing lawyer who died in police custody..  Browder has been accused of illegally buying Gazprom stock when foreign ownership of the world’s largest natural gas producer was restricted. He says the charges are politically motivated.

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