Thursday, July 11, 2013

Russian Court Convicts Magnitsky

The Tverskoy District Court in Moscow has convicted the late British Hermitage Capital Fund auditor Sergei Magnitsky of tax evasion, RAPSI reports from the courtroom on Thursday. During Wednesday's hearing, the state prosecutor asked the court to convict Magnitsky of tax evasion but to dismiss the case against him due to his death. Magnitsky died in a Moscow remand center in 2009. Hermitage Capital maintains that it paid 5.4 billion rubles ($180 million) in taxes, but the money was stolen by corporate raiders with the help of law enforcement officials. Magnitsky, who died in pretrial detention in Moscow in 2009, was prosecuted for this theft. The case was closed after his death, only to be reopened later. Under Russian law, a person can be prosecuted after his death.

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