U.S. against Magnitsky blacklist disclosure
Hermitage Capital non-investment case
Sergei Magnitsky, a lawyer for the British investment company Hermitage Capital, was charged with large-scale corporate tax evasion. Shortly before his arrest, Magnitsky claimed to have uncovered a massive fraud in which Moscow tax and police officials had allegedly embezzled $230 million of budget funds. He died in a Moscow pretrial detention center in 2009 after spending nearly a year behind bars. His death sparked a public outcry and drew human rights activists attention. Magnitsky's former partner Ivan Cherkasov is suspected of being involved in over $67 million income tax evasion. Hermitage head William Browder is also a suspect in the case and has been placed on the international wanted list like Cherkasov.