Tag Archives: Bill Browder

At the press conference following their summit meeting in Helsinki, Russian President Vladimir Putin and American President Donald Trump discussed the possibility of resolving potential criminal cases involving citizens of the two countries by permitting interrogators from Washington and Moscow to participate in joint questioning of the individuals named in indictments prepared by the respective judiciaries. The predictable response by the American nomenklatura was that it was a horrible idea as it would potentially require U.S. officials to answer questions from Russians about their activities.

Putin argued, not unreasonably, that if Washington wants to extradite and talk to any of the twelve recently indicted GRU officers the Justice Department has named then reciprocity is in order for Americans and other identified individuals who are wanted by the Russian authorities for illegal activity while in Russia. And if Russian officials are fair game, so are American officials.

A prime target for such an interrogation would be President Barack Obama’s Ambassador to Russia Michael McFaul, who was widely criticized while in Moscow for being on an apparent mission to cultivate ties with the Russian political opposition and other “pro-democracy” groups. But McFaul was not specifically identified in the press conference, though Russian prosecutors have asked him to answer questions related to the ongoing investigation of another leading critic, Bill Browder, who was named by Putin during the question and answer session. Browder is a major hedge fund figure who, inter alia, is an American by birth. He renounced his U.S. citizenship in 1997 in exchange for British citizenship to avoid paying federal taxes on his worldwide income.

Bill Browder is what used to be referred to as an oligarch, having set up shop in 1999 as Hermitage Capital Management Fund, a hedge fund registered in tax havens Guernsey and the Cayman Islands. It focused on “investing” in Russia, taking advantage initially of the loans-for-shares scheme under Russia’s drunkard President Boris Yeltsin, and then continuing to profit greatly during the early years of Vladimir Putin. By 2005 Hermitage was the largest foreign investor in Russia.

Yeltsin had won a fraudulent election in 1996 supported by the oligarch-controlled media and by President Bill Clinton, who secured a $20.2 billion IMF loan that enabled him to buy support. Today we would refer to Clinton’s action as “interference in the 1996 election,” but at that time a helpless and bankrupt Russia was not well placed to object to what was being done to it. Yeltsin proved keen to follow oligarchical advice regarding how to strip the former Soviet Union of its vast state-owned assets. Browder’s Hermitage Investments profited hugely from the commodities deals that were struck at that time.

To continue reading: Is Bill Browder the Most Dangerous Man in the World?