From: http://www.vedomosti.ru/newspaper/article/255532/pismo # ixzz1Ep2gGWuC
Nothing has changed
In an interview « changed everything. We - a different country! "With Igor Sechin , deputy chairman of Russian government ( № 31 of 22.02.2011, p. 05)
published interview Igor Sechin made me wonder. In an interview he gave my experience on the Russian stock market as an example improve the investment climate in the country. Igor Sechin, believes that because of my investments in Russia were « super-efficient", then I should feel a « happy man." Mr Sechin has rights only in the fact that my investors get a good return on investment of their funds in Russia, but I did not want to would anyone go through the horror that went through my colleagues and I in Russia after this success.
I stood at the origins of the company Hermitage Capital in 1996, and thanks to our efforts of the eponymous Investment Fund became the largest foreign portfolio investor in Russia. We fought against corruption in the companies in which invested, trying to make them more transparent and attractive for investors. Not everyone liked it. In November, 2005 Russian government unexpectedly cancel my visa and declared me « threat to national security."
Igor Sechin also mentioned that no one at my Investors « nothing robbed." This is true, because we were able to take measures to preserve investors' funds to the employees Russian law enforcement agencies in the spines of criminals stole the investment company fund Hermitage. Later the same « law enforcers" stolen from the state and its citizens 5,400,000,000 rubles., a year earlier paid in taxes by these companies. I also own investment business in Russia was destroyed by the actions of officials and employees at their behest of criminals.
What happened has nothing to do with business or money. It is relevant to human life and the tragedy that happened to Sergei Magnitsky - a lawyer engaged by a support fund. Sergey helped uncover sophisticated theft of 5.4 billion rubles. from the Russian treasury criminals, whose ranks included senior officials of various departments, and was not afraid to give testimony in which denounced those officials in their crimes. Immediately thereafter, he was arrested by them and then kept in remand prison for a year. Throughout this year, he created a sophisticated torturous conditions in the hope that Sergei is broken and refuses to their testimony. According to the report of Public Oversight Commission, he was deprived of sleep, food and drinking water, placed in a Unglazed camera when a window were severe frosts, and kept him in chambers where sewage flooded the floor. From this beginning to take health Sergei, he needed urgent medical attention assistance, in which he systematically refused. Spirit Sergei was stronger than his body. Sergei died at the hands of the state, alone, in a chamber at sex in the age of 37, leaving his wife and two children.
This is the reality « improve the investment climate" that Russian officials, including including Mr. Sechin, trying to disguise: an honest man was arrested on trumped-up charges, isolated for years from family and society in subhuman conditions and eliminated the state only for having dared to denounce the theft of those in power. After a year from the date of his death, the state award-winning staff MIA involved in his death. The risk of loss of business in Russia exists. But the worst thing that investors must be prepared to lose his life in Russia - Hit them as Sergei, a millstone corrupt bureaucratic machine, which works hand in hand with criminals.
Looking at the immense scale of corruption in Russia and a growing list of victims who become, and investors, I understand why Mr. Sechin is concerned about the country's image in the eyes of the world and why Igor Shuvalov month ago at the Davos economic forum uttered soothing speech to heads of foreign companies, trying to convince them in the security of investing in Russia.
The problem is that the business world appreciates the little words. The way that can convince investors that that Russia really is a safe country to invest - it's deeds and actions of government. If Messrs. Sechin and Shuvalov, really want to convince everyone that Russia's investment climate improves, the first thing they should do - is to bring to justice those involved in the death of Sergei Magnitsky, as well as those who stole from the treasury and his compatriots a lot of money through fraudulent tax refunds paid by the foreign investor. These people are well known.
Messrs. Sechin and Shuvalov may regret that the situation with Sergei Magnitsky continues to attract public attention around the world but such a high status of this case is for the Russian government and a unique opportunity. Punishment of those responsible for the death of Sergei as a confirmation the fact that Russia is finally taking real steps to protect investors and returning to respect international norms and its own laws, would be a thousand times louder than any empty talk on this subject.
Browder , CEO of Hermitage Capital Management
Read more: http://www.vedomosti.ru/newspaper/article/255532/pismo # ixzz1Eq7ybrDw
0 comments:
Post a Comment