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Word: reiderstvo (lookup in dictionary) (lookup stats)
Dates: during 2009-2009
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Usage:

...destructive effects of reiderstvo have not escaped the attention of top officials. Medvedev has called the practice "shameful" and expressed support for measures aimed at easing prosecution of such crimes. "The seizure schemes are conducted very professionally, that is a fact," he told Russian senators on Nov. 5. "Sometimes it's simply impossible to get to the bottom of them. But that doesn't mean that our law enforcement authorities shouldn't be trying." The issue was even raised during a live call-in TV show with Prime Minister Vladimir Putin earlier this month. Responding to a question about...

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

...Russia - reaching as high as the Kremlin - about the squalid conditions in the country's jails and bureaucratic incompetence. But it has also renewed focus on an odious criminal practice that embodies what President Dmitry Medvedev describes as the "legal nihilism" pervading the country. It's known as reiderstvo, or "raiding," a term that describes an array of illegal tactics - including identity theft, forgery, bribery and physical intimidation - used by corrupt policemen, tax officials, lawyers and financiers to seize a person's business or property. (See pictures of Hillary Clinton in Russia...

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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