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Alternative Market Briefing

Russian prosecutor Chaika makes unhinged allegations against hedge fund manager Bill Browder

Wednesday, December 16, 2015

Komfie Manalo, Opalesque Asia:

William Browder, founder of Hermitage Capital Management, a hedge fund firm specializing in emerging market stocks founded in 1996, and leader of Justice for Sergei Magnitsky Campaign, the lawyer who mysteriously died while in Russian prison, commented on the 43-minute video exposing the alleged corruption and criminal activities of Russian General Prosecutor Yuri Chaika’ two sons and relatives of senior prosecutors in his office.

In November 2005, Browder was blacklisted by the Russian government as a "threat to national security" and denied entry to the country. Over the next two years, several of his associates and lawyers, as well as their relatives, were victims of crimes, including severe beatings and robberies during which documents were taken. On November 16, 2009 Sergei Magnitsky, a partner of the legal company Firestone Duncan, who was a representative and legal consultant for William Browder in Moscow, was accused of tax fraud and imprisoned for 11 months. He died in prison.

"I'm very impressed with the investigation which went into making this movie and applaud Alexei Navalny and his colleagues for their bravery in exposing the shocking allegations against Chaika and his family, but I had nothing to do with the investigation, financing or production of this film," ......................

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