Bill Browder (Hermitage Capital) on the Magnitskiy case

<p><strong>Bill Browder</strong></p><p>Bill Browder after the murder of his tax lawyer Sergey Magnitskiy gave up his life as a businessman and became a human rights activist. He was a founder and CEO of <i>Hermitage Capital Management</i>, which was the investment adviser to the largest foreign investment fund in Russia until 2005. </p><p>He is also an author of the book "Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice" – on Magnitskiy case, one of the biggest tax fraud in the world ever. USD 230 m capital gains tax (paid upon the exit from Russia) refund was made by the Russian tax authorities within one day as of filing the request, no questions asked. </p><ul><li><i>Toronto Star</i> wrote: "A tale that makes the dirty dealings of House of Cards look like Snow White.”</li><li><i>The Guardian</i> journalist: “It reads like a non-fiction version of a Mario Puzo thriller.”  </li></ul><p><strong>The Baltics</strong></p><p>Bill started the interview with why he accepted the invitation to this podcast – he likes the Baltic States, but also this is an important region to the Magnitskiy case, because the stolen money was flowing through the Baltics. </p><p><strong>Reading table</strong></p><p>Bill suggested a new book to your reading table – “Red Roulette: An Insider's Story of Wealth, Power, Corruption, and Vengeance in Today's China” by Desmond Shum. Released just in September 2021. CNN has described the book – the book China doesn’t want you to read. It’s about a businessman in China cutting in (sharing proceeds with) members of the China Communist party into the deals of the businessman. His wife was kidnapped for years ago, and a day before publishing the book she was released and asked not to publish it<a href="#_ftn1">[1]</a>.</p><p><strong>The tax fraud – how exactly was it possible?</strong></p><p>Then we dive into the details of how the fraud actually happened. About a year after Bill was expelled from Russia and the companies were empty (all the assets were sold upon the exi