Elaine Byrne: We need our own Magnitsky Act to hit Russian oligarchs where it hurts | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 71%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

We need our own Magnitsky Act to hit Russian oligarchs where it hurts, ElaineByrne writes.

Bill Browder, Hermitage Capital’s chief executive, has worked to bring a Magnitsky Act to Ireland, not least because he believes part of the $230 million scam uncovered by Sergei Magnitsky flowed through Ireland. Over a dozen countries, including Canada and several EU countries, have Magnitsky Acts. Picture: Getty

Sergei Magnitsky, a Russian tax lawyer, was murdered in a Moscow prison in 2009. His “crime” was uncovering a $230 million tax scam by influential Russian government officials which involved fraudulently stealing three companies belonging to Hermitage Capital, a global asset management firm. He was tortured for a year while in detention.

Bill Browder, Hermitage’s chief executive, testified to the Oireachtas foreign affairs committee in 2013 that “eight riot guards with rubber batons beat him...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ElaineByrne 50% stake rule

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Out of Office: Inflation rises; EU eyes further Russian sanctions | Business PostOut of Office: Inflation rises; EU eyes further Russian sanctions
Source: businessposthq - 🏆 8. / 71 Read more »

Globalisation may have to be redefined, says Ryanair chiefCompanies need to be adaptive in uncertain times, Stan McCarthy tells business leaders IrishTimes Comapanies is gonna be my word of the week.
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Penneys to launch new website in Ireland to allow stock-checking and moreThe retailer officially launched their new site in the UK this morning, allowing customers the ability to check stock availability in stores for the very first time.
Source: IrishMirror - 🏆 4. / 98 Read more »