Red Notice

Home > Nonfiction > Red Notice > Page 39
Red Notice Page 39

by Bill Browder


  At 4:00 p.m. I met Natasha and Nikita at the entrance to the Parliament and took them up to the balcony of the plenary hall. Beneath us were the 751 seats of the parliamentarians, laid out in a broad semicircle. As we sat, we put on our headphones and clicked through the channels of the roughly twenty different simultaneous translations in which the Parliament conducts its business.

  At 4:30 p.m., Kristiina Ojuland, the Estonian MEP1 who sponsored the Magnitsky resolution, suddenly appeared on the balcony. Breathlessly, she told us that Geoffrey Robertson’s opinion had indeed convinced everybody, and that the vote was going ahead as planned.

  Kristiina then disappeared to introduce the resolution. We spotted her in her purple dress among the beehive of parliamentarians below. She stood and began her speech. Like many other speeches I’d heard before, she went through Sergei’s story and the Russian government’s cover-up, but then she did something unexpected. She pointed toward us and said, “Mr. President, we have with us in the visitors’ gallery today the late Sergei Magnitsky’s wife, together with his son and his former boss, Mr. Bill Browder. I am pleased to welcome our guests.”

  Then completely unexpectedly, the entire chamber of seven-hundred-odd parliamentarians stood, turned toward us, and erupted in applause. Not polite applause, but real, thunderous applause, which carried on for nearly a minute. I felt a lump in my throat and goose bumps on my arms as I watched tears welling up in Natasha’s eyes.

  The vote went through and there wasn’t a single objection in the entire European Parliament. Not one.

  Early in this book, I said that the feeling I got from buying a Polish stock that went up ten times was the best thing to ever happen to me in my career. But the feeling I had on that balcony in Brussels with Sergei’s widow and son, as we watched the largest lawmaking body in Europe recognize and condemn the injustices suffered by Sergei and his family, felt orders of magnitude better than any financial success I’ve ever had. If finding a ten bagger in the stock market was a highlight of my life before, there is no feeling as satisfying as getting some measure of justice in a highly unjust world.

  * * *

  1 Member of the European Parliament.

  Acknowledgments

  My opponents have engaged in a lot of crazy speculation regarding how I’ve managed to achieve some measure of justice for Sergei Magnitsky. The Russian government has alternately accused me of being a CIA agent, an MI6 spy, a billionaire who has bribed every member of Congress and the European Parliament, and part of a Zionist conspiracy to take over the world. Of course, the truth is much simpler. The reason why this campaign has worked is because anyone with a heart who has heard about Sergei’s ordeal has wanted to help.

  A number of people have done so publicly, and writing this book has given me the opportunity to acknowledge many of them. But for every person named in these pages, there are countless others who have gone unnamed but whose tireless work behind the scenes has been crucial to the success of this campaign. I was hoping to use this section as an opportunity to thank all of these people. However, I’ve decided that I do not want to risk exposing anyone else to the intimidation, harassment, and threats from Russia that follow those who publicly support the Magnitsky cause. The time to acknowledge all of those who have contributed will come, but only when the threat of retaliation from Russian organized crime and the Putin regime subsides.

  So for now, to every one of you who has given their time and energy to the campaign, I hope you all know how grateful I am for your support. To all the politicians in the United States, Canada, and across Europe; to the men and women at the European Parliament, PACE, and OSCE; to all the lawyers who joined me in this fight for justice, often working pro bono; to the journalists who worked courageously and tirelessly to get the truth out; to the NGOs and individuals from around the world who pushed their governments to act; to the brave Russian activists who continue to risk their lives to fight for the betterment of their country; to my friends and colleagues, whose support has helped me over the years; and to anyone who has been moved by the Magnitsky story and expressed your care in any way you could, please know that I cannot express just how much I cherish the contributions you have made and the hard work you have done. All of it has mattered and has made a difference. None of what this campaign has been able to achieve would have been possible without you.

  Finally, and most importantly, I need to thank the true heroes of this story—the Magnitsky family. It was tragedy that brought us together, and while I would give anything to undo what happened to Sergei, I am grateful for your friendship. Your bravery and determination in the face of unspeakable grief is awe-inspiring, and I know that Sergei would be proud of each one of you.

  About the Author

  © PETER LINDBERGH, PARIS, 2014

  Bill Browder, founder and CEO of Hermitage Capital Management, was the largest foreign investor in Russia until 2005. Since 2009, when his lawyer Sergei Magnitsky was murdered in prison after uncovering a $230 million fraud committed by Russian government officials, Browder has been leading a campaign to expose Russia’s endemic corruption and human rights abuses. Before founding Hermitage, Browder was a vice president at Salomon Brothers. He holds a BA in economics from the University of Chicago and an MBA from Stanford Business School.

  MEET THE AUTHORS, WATCH VIDEOS AND MORE AT

  SimonandSchuster.com

  authors.simonandschuster.com/Bill-Browder

  We hope you enjoyed reading this Simon & Schuster eBook.

  * * *

  Join our mailing list and get updates on new releases, deals, bonus content and other great books from Simon & Schuster.

  CLICK HERE TO SIGN UP

  or visit us online to sign up at

  eBookNews.SimonandSchuster.com

  Index

  A note about the index: The pages referenced in this index refer to the page numbers in the print edition. Clicking on a page number will take you to the ebook location that corresponds to the beginning of that page in the print edition. For a comprehensive list of locations of any word or phrase, use your reading system’s search function.

  Abdallah, Ken, 80, 81, 82

  Abu Ghraib, 359

  adoption ban law, 357–62

  Aeroflot, 1, 56, 368

  Afghanistan, 356

  Air France, 152

  al-Assad, Bashar, 357

  Alexeyeva, Lyudmila, 376

  Alisov, Igor, 365, 369–70

  Alitalia, 243

  American Chamber of Commerce, Moscow, 144, 145

  American Communist Party, 12–14, 26

  American Express, 59

  Amnesty International, 292

  Amsterdam, 371

  Anichin, Alexei, 314

  Animal House (film), 18

  Anselmini, Jean-Pierre, 41

  AP, 182

  “The Armed Forces of Corporate Governance Abuse,” 144–45

  Armenia, 7, 260

  Arthur Andersen, 51

  Asea Brown Boveri, 92

  Ashcroft, John, 306–7

  Asian economic crisis (1997), 131–32

  asset freezes and visa sanctions, 291, 293–94, 297, 298, 299–309, 327–29, 368, 373, 377

  asset stripping, 144, 158–60, 165

  Austria, 14, 312

  Autosan, 30–39, 57

  Azerbaijan, 7

  Bahamas, 70

  Bain & Company, 19–20, 24

  Bangkok, 211

  Bannister, Clive, 170

  Barnevik, Percy, 92

  Baucus, Max, 336

  BBC, 50

  Beck, Steven, 221, 274, 317, 364

  beef importers, 334, 336

  Beijing, 211

  Belarus, 279

  Belton, Catherine, 188, 203

  Berezovsky, Boris, 91

  Berlin Wall, fall of, 27, 29–30

  billionaire psychology, 83

  Blair, Tony, 186–89

  Blokhin, Vasili Mikhailovich, 279–80

  Bloomberg, 126,
187, 194

  Boeing, 334, 336

  bonds, 132

  1998 financial crisis and aftermath, 131–38

  Russian market, 132–38

  bonuses, 47–48

  Borschev, Valery, 287, 376

  Boston Consulting Group, 19, 24–25, 41, 155

  Browder and, 26–41, 155

  Eastern European operations, 26–41

  in London, 25, 26–27

  Bouzada, Ariel, 121

  Bowers, Chris, 5–6, 7, 9

  Bowring, Bill, 170, 173

  Brandeis University, 14

  Brazil, 191

  Brenton, Tony, 172–73, 174, 176, 178

  Brezhnev, Leonid, 117

  British Airways, 56, 180, 270

  British Petroleum, 112, 113, 116, 125, 154

  Brose, Chris, 307–9

  Browder, Bill

  anti-corruption campaigns against oligarchs, 115–30, 144–48, 154–69, 181, 192–93

  banned from Russia, 11–13, 169, 170–89, 193

  begins Hermitage Fund, 76, 77–86, 88, 95–103

  birth of, 15

  bodyguards of, 127

  at Boston Consulting Group, 26–41, 155

  British citizenship of, 10

  Cardin List and, 298–309

  childhood of, 15–17

  communist background of, 12–14, 26, 27

  congressional testimony on Magnitsky case, 302–5

  at Davos, 88–93

  death of Magnitsky and, 276–78, 280–88, 327, 372–73, 376

  detained at Sheremetyevo Airport, 2–11, 169–70

  Elena and, 3–11, 145–54, 161–64, 170, 174–75, 187, 192–96, 209, 225, 269–70, 276–77, 282, 299, 341, 350–51, 355, 367

  as a father, 1, 3, 8, 114, 174–75, 206–9, 272, 299, 316, 341–42, 344, 374

  Gazprom theft and investigation, 154–62, 192–93

  Hermitage lawyers as targets, 237–53, 254–68, 360

  Interpol Red Notice for, 367–70, 374

  investigation into stolen companies, 201–35, 252–53, 271–72

  Karpov’s libel suit against, 344–45, 374

  loses Russian visa, 170–89, 193–96

  Magnitsky Act and, 305–9, 327–39, 340–50

  Magnitsky case, see Magnitsky case

  at Maxwell Communications Corporation, 41–51

  1998 financial crisis and aftermath, 131–46

  in Poland, 27–39

  police raids on Hermitage offices, 196–200, 203, 208–10, 216, 228, 230

  Potanin vs., 115–30, 134–35

  Putin and, 166–69, 175–77, 183–89, 236, 360–70, 375

  Russian criminal cases against, 189, 190–200, 201–35, 236–53, 270–72, 323, 343–45, 360, 364–70

  Russian raider attack, 213–27

  Sabrina and, 84–86, 94–95, 102, 114, 117, 123, 134–37, 139–41, 174

  at Salomon Brothers, 52–76, 77

  Edmond Safra and, 72–76, 77–88, 93, 94, 98, 100–102, 112, 119–32, 138–39, 142

  Sidanco and, 104–30, 134–35

  tax-rebate fraud and, 231–37, 252–53, 257, 264, 271–72, 288, 301, 316–26, 328

  threats against, 273–74, 314, 351–54, 363–70, 375

  trial on tax evasion in abstentia, 364–70

  at University of Chicago, 19

  at Whiteman School, 15–17

  Browder, David, 1, 3, 8, 114, 117, 135–41, 174, 175, 208, 209, 272, 273, 299, 316, 344

  Browder, Earl, 12–13, 23–24

  as head of American Communist Party, 12–14, 26, 27

  Browder, Elena, 3–11, 145–54, 161–64, 170, 174–75, 187, 192–96, 206–9, 225, 269–70, 276–77, 282, 299, 341, 350–51, 355, 367

  Browder, Eva, 14–15, 16–17, 135

  Browder, Felix, 12, 13–15

  Browder, Jessica, 175, 176, 207, 208, 209, 341–42

  Browder, Raisa, 12, 13

  Browder, Sabrina, 84–86, 94–95, 102, 114, 117, 123, 134–37, 139–41, 174

  Browder, Thomas, 15

  Browder, Veronica, 207, 209

  Browder List, The (Russian TV special), 365

  Bruder, Jason, 332–33

  Brussels, 376–80

  Bryanskih, Victor, 159

  Budapest, 53, 88

  Bukovsky, Vladimir, 350

  Burkle, Ron, 80–81 and n, 82–84

  BusinessWeek, 131, 160

  Butyrka, 265–68, 276–78, 280

  Canada, 340, 357

  Cape Town, South Africa, 114–15, 117

  Capital Constellation Tower, 312

  capitalism, 12, 27, 62, 269

  Russian transition to, 59–60, 87

  Cardin, Ben, 263, 297, 335 and n, 338

  Magnitsky case and, 298–309, 327–29, 341, 346, 353–55

  Cardin List, 298–309

  Caspian Sea, 226

  Catholic Church, 364–65

  cell phones, 48

  Chaika, Yuri, 262

  Chechnya, 288

  Cheney, Dick, 306

  Cherkasov, Ivan, 183–84, 196, 198, 201–27, 230–35, 252–53, 298

  criminal case against, 201–27

  Chicago, 9, 15, 17, 19, 24, 70

  Chicago Tribune, 343

  China, 2–3, 190

  Chinese wall, 64

  Chirikova, Evgenia, 329

  Chubais, Anatoly, 91

  Churchill, Winston, 228

  CIA, 295, 359

  Citibank, 209

  Citigroup, 356

  Clinton, Bill, 14

  Clinton, Hillary, 297, 298, 333

  Magnitsky case, 298–301, 304

  Cold War, 356

  Colorado, 15–17, 18

  Committee to Protect Journalists, 303

  communism, 26, 92, 96, 97, 269

  American, 12–14, 26, 27

  fall of, 2–3, 27, 29–30, 40, 59, 158, 291

  Congress, US, 290, 302–9, 327–29

  Magnitsky Act, 305–9, 327–39, 340–50

  Magnitsky case and, 302–5, 327–55

  Council of Europe, 261–62

  Creditanstalt-Grant, 99

  Credit Suisse, 208, 209, 319–26

  C-SPAN, 348

  Cullison, Alan, 148–49

  Cyprus, 312, 320

  Czechoslovakia, 27, 40

  Velvet Revolution, 27

  Daily Mirror, 42

  Daily Telegraph, 44, 182, 369

  databases, 158–59, 311–12

  Davenport, Michael, 256–57

  Davos, 88–93, 192–95

  Delovoi Vtornik, 252

  Department K, 203–5, 207, 227, 257, 258, 322

  Depression, 12

  derivatives, 66

  Detroit, 28

  Deutsche Bank, 199

  DHL, 237–38

  dilutive shares, 115–30, 144–45

  Domodedovo Airport, 247–48

  Dow Jones, 182

  Drexel Burnham Lambert, 21, 52

  Dubai, 196, 312, 321, 324

  Dudukina, Irina, 283, 327–28

  Duncan, Terry, 197

  Dvorkovich, Arkady, 177, 180, 195

  Eastern Europe, 24, 26, 27, 41

  BCG operations in, 26–41

  fall of communism, 2–3, 27, 29–30, 40

  MCC operations in, 45–46

  privatizations, 36–37, 41, 53–54

  Salomon operations in, 52–54

  See also specific countries

  Echo Moscow, 236

  Economist, 69

  electricity, 69, 165

  Elista, 226

  Elle magazine, 307

  embezzlement, 144

  Ernst & Young, 59

  Estemirova, Natalia, 303

  European Commission, 376

  European Parliament, 377–80

  Magnitsky resolution, 378–80

  European Union (EU), 301

  ExxonMobil, 154

  fatalism, Russian, 298

  Federal Border Service, 194, 195, 242

  Federal Securities and Exchang
e Commission (FSEC), 127–29

  Federation Council, 340–44

  Financial Times, 2, 124–26, 129, 131, 138, 160, 181, 182, 203

  Finn, Peter, 180–81

  Firestone, Jamison, 197–200, 201, 213, 220, 222, 314, 315, 316–20

  Firestone Duncan, 197–200, 202, 233, 237, 254, 258

  Fleming, Robert, 78

  Flemings, 78–79

  Forbes, 2, 6, 80, 182, 340, 358

  Foreign Affairs, 147, 148

  Formosus, Pope, 365

  France, 73, 74, 131, 151–53, 187, 201, 208, 209, 312, 377

  Freeland, Chrystia, 124–26, 363–64

  front-running, 183–84

  FSB, 175, 178, 194, 195, 204–5, 223, 260, 274, 279n, 317, 321–23, 341, 369

  Department K, 203–5, 207, 227, 257, 258, 322

  Fulton, Philip, 274

  Fyodorov, Boris, 90–91

  Ganapolsky, Matvei, 236

  Gasanov, Oktai, 248–49

  Gazprom, 154–62, 165, 181, 192–93

  oligarch theft and investigation, 154–62, 192–93

  stealing analysis, 155–60

  G8 Summit (2006), 186, 187, 188, 203

  General Electric, 92

  Geneva, 70, 83, 93, 218

  Germany, 14

  fall of Berlin Wall, 27, 29–30

  Nazi, 14, 135, 280, 369

  World War II, 280, 369

  Ghost Writer, The (movie), 299

  Glover, Juleanna, 306–7, 332, 334–36, 353, 354

  Goldman Sachs, 19, 42

  Golodets, Olga, 358

  Great Britain, 1, 11, 52, 312, 314

  Border Force, 368

  Foreign and Commonwealth Office, 171–72

  government, 170–73, 186–89, 261

  Magnitsky case and, 261

  Greece, 139–40, 312

  Greenacres, 80–82

  Greene, Sylvia, 42

  Gref, German, 175–78

  Gregorian calendar, 117

  Gremina, Elena, 347

  Guantánamo, 359

  GUM department store, 67 and n

  Gusinsky, Vladimir, 91

  Harvard Business School, 354

  Harvard University, 20

  endowment, 122

  Heathrow Airport, 1, 95, 126, 238, 251, 252

  hedge funds, 69, 70n. See also Hermitage Fund

  Helsinki Commission, 263, 290, 295, 300–301

 

‹ Prev