The Bee's Knees

Göteborg Resident – Global Finance Writer
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UK to Look Into Russia Hedge Fund Corruption Claims

Commenting on the death of hedge fund Hermitage Capital’s anti-corruption lawyer Sergey Magnitskiy,  the U.K. Prime Minister said he “was deeply concerned to hear of the death,” and, “I welcome the Russian undertaking that there will be a full investigation.” the Daily Telegraph reported this morning.

Magnitskiy died on  November 16  in a detention centre in Moscow. The US-born, British naturalised lawyer was arrested in 2008 after accusing senior officers in the Interior Ministry of taking part in a $230m state-sponsored scam, leading to the theft of companies owned by hedge funds Hermitage and HSBC. Hermitage has filed law suits and sent letters to Russian anti-corruption authorities, naming top-ranked officials and their role in the alleged tax scam.

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