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Bill Browder on High Finance, Murder and Justice (Podcast)

Masters in Business

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I Don't Have Any Money at Stake in Russia

Russian officials seized documents that the stamps, seals and certificates for investment holding companies were empty. They had been fraudulently re registered into the name of a man who had been convicted of manslaughter and led out of jail early. The only way he could have done that was in collusion with the police. On that profit of a billion dollars, we paid to the russian government 230 million dollars of capital games tax. And so on the 20 third of december, two thousand seven, two days before christmas, they applied for a 230 million dollar fraudulent tax refund. It was the largest tax refund in the history of russia.

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