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Word: ands (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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Experts say that businessmen not only risk losing their assets when they're targeted, but they can also end up in jail on trumped-up charges brought by corrupt law enforcement officials and prosecutors. Russian businessman Alexei Kozlov, who claims he was the victim of a raid aimed at seizing...

Author: /time Magazine | Title: The Danger of Doing Business in Russia | 12/19/2009 | See Source »

There are no reliable statistics on the number of corporate raider attacks carried out each year, although media reports have put the number as high as 70,000. But the impact of the criminal practice on the economy is quite clear - business lobbyists and corruption experts say it is paralyzing...

Author: /time Magazine | Title: The Danger of Doing Business in Russia | 12/19/2009 | See Source »

Hermitage claims it was targeted in just such an attack two years ago and that Magnitsky was arrested in retaliation for going public with the scam. According to Magnitsky, the raid began in June 2007, when police burst into Hermitage's offices with warrants and seized company records, corporate seals...

Author: /time Magazine | Title: The Danger of Doing Business in Russia | 12/19/2009 | See Source »

The Interior Ministry has denied any ulterior motives in Magnitsky's detention, saying he was being held solely because of the tax evasion charges. (Browder says those charges were without merit.) In April, a Moscow court convicted a sawmill foreman, Viktor Markelov, of fraud in connection with the raider scam...

Author: /time Magazine | Title: The Danger of Doing Business in Russia | 12/19/2009 | See Source »

Kirill Kabanov, a member of Medvedev's human rights council and head of the National Anticorruption Committee, a nongovernmental organization, said the attack on Hermitage assets was a highly sophisticated example of reiderstvo. "The tactics were different, but the strategy was the same," Kabanov said.

Author: /time Magazine | Title: The Danger of Doing Business in Russia | 12/19/2009 | See Source »

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