News

Crime and Punishment in Putin's Russia

Posted by Red Notice
on 27 Nov 2014 | 0 comments
Tagged in:

Russian police say they have closed the case file on the country's largest tax fraud. It occurred on December 24 in 2007, when Moscow tax officials approved a same-day refund of 5.4 billion rubles -- or $230 million -- to a gang masquerading as officers of Hermitage Capital, once the largest hedge-fund manager in Russia and founded by financiers Edmond Safra and Bill Browder. Interior Ministry police claim the complex scam was pulled off by a sawmill worker and a burglar, both currently serving five-year sentences, in cahoots with four others, all of whom are now dead. One had a fatal heart attack before the crime took place. A second fell from his balcony. The third plummeted out a penthouse window.

Read the full article

Source: Barrons, 16 April 2011

Recent Comments:


Leave a comment


Name *
Email *
Message *
Please do not fill.

We will not share your information to third parties.

Submit