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Word: toed (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 »

The 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...

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 »

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 »

Then, on Dec. 15, came a sign that authorities may be cracking down on individuals suspected to be involved in the raid on Hermitage's assets. The Kremlin said that Medvedev had dismissed Anatoly Mikhalkin, the head of the tax crimes department of the Moscow police. Police spokeswoman Zhanna Ozhimina...

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

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