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British Court Throws Out Russian Libel Case Against Browder


Hermitage Capital investment fund CEO William Browder

Hermitage Capital investment fund CEO William Browder

A London court has thrown out a libel lawsuit against British businessman Bill Browder, who initiated an international push for sanctions against Russian officials implicated in the case of deceased whistle-blowing lawyer Sergei Magnitsky.

The lawsuit against Browder and his U.K.-based fund Hermitage Capital was brought by retired Russian police officer Pavel Karpov, whom Browder has accused of complicity in a tax fraud and in the death of Magnitsky.

Magnitsky, a lawyer for Hermitage Capital, died in jail in 2009 after exposing a massive scheme by Russian officials to defraud the government.

After lobbying by Browder, the U.S. Congress in December 2012 adopted the Magnitsky Act, which bans Russian officials suspected of involvement in Magnitsky's death from entering the United States or using its banking system.

A Moscow court in July convicted Browder in absentia for allegedly aiding Magnitsky in a tax-evasion scheme.

Based on reporting by Ft.com and Euobserver.com
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