2 years, 10 months ago

Kremlin critic Browder urges squeeze on oligarchs’ enablers

DAVOS, Switzerland — Kremlin critic Bill Browder wants governments to step up efforts to get to the riches squirreled away by Russian oligarchs and linked to President Vladimir Putin by forcing the accountants, lawyers and others who set up murky legal and financial structures to become whistleblowers. Browder, author of the nonfiction best-seller “Freezing Order: “A True Story of Money Laundering, Murder and Surviving Vladimir Putin’s Wrath,” says Russia’s war in Ukraine has increased attention on how oligarchs are custodians of the Russian leader’s wealth. “They’ve hired the best lawyers, best asset protection specialists, and there are shell companies and trust companies and offshore companies and nominees and proxies — and the whole thing is extremely well thought-through.” The founder of Hermitage Capital, an early investor in post-Soviet Russia, Browder raised the alarm after his Russian tax adviser, Sergei Magnitsky, died in a Russian prison in 2009. Speaking to the AP in Davos, Lithuanian President Gitanas Nauseda — a sharp critic of Moscow’s campaign in Ukraine — acknowledged it’s not easy to follow the “dark and dirty money” of Russian oligarchs. But when it comes to getting Russian oligarchs’ money, “we’re only scratching the surface,” Browder said.

Associated Press

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