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Red Notice: How I Became Putin's No. 1 Enemy Paperback – 11 Feb 2016
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"Reads like a classic thriller, with an everyman hero alone and in danger in a hostile foreign city … but it’s all true, and it’s a story that needs to be told." (Lee Child)
"The story of Sergei Magnitsky's life and death is a shocking true-life thriller, and Bill Browder was the man to write it." (Tom Stoppard)
"A sizzling account of Mr Browder's rise, fall and metamorphosis from bombastic financier to renowned human-rights activist ... Reads more like a financial thriller than a real-life story." (The Economist)
"An unburdening, a witness statement and a thriller all at the same time ... Electrifying ... One heck of a read." (Giles Whittell The Times)
"An expose of years of state-sponsored torture and murder ... this story of courage combined with a dash of obsessiveness is about the real here and now." (Sonia Purnell The Independent)
About the Author
Bill Browder, founder and CEO of Hermitage Capital Management, was the largest foreign investor in Russia until 2005, when he was denied entry to the country after exposing widespread corruption. Since 2009, when his lawyer Sergei Magnitsky was murdered in Russian police custody, he has been leading a global campaign to expose human rights abuses endemic in Russia. Consequentially, the ‘Sergei Magnitsky Rule of Law Accountability Act’ was signed into US law in 2012, imposing visa bans and asset freezes on certain officials involved in Magnitsky’s death. Browder is currently working to have similar legislation passed across the European Union and Canada.
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This book is a great place to start and there's some brilliant footage on YouTube forming part of what is in the book, and well worth a look, and very moving.
Should be obligatory reading for anyone thinking Russia and Putin are no threat to anyone
First, it flows like a well-written political thriller but, unfortunately, it is fact, not fiction. That said, if ever Bill Browder gets bored with asset management he would surely be able to make a living writing thrillers like this. He's a natural. He has the knack of reducing sometimes arcane and abstruse business language and legal procedures to an easily understandable narrative.
Secondly, his story is a timely warning to those who wish to work/invest in Russia. It is clear that despite the collapse of the Soviet Union in 1991, old habits die hard. Stalin's chief prosecutor is reputed to have said in the 1930s that he would consign the rule of law to the dustbin of history. He did, and that philosophy effectively still endures today. Far from being independent of the Executive, the judiciary and law enforcement agencies are its handmaidens. The horrifying events surrounding the interrogation of the author's lawyer, Sergei Magnitsky, and his eventual death in custody, testify to the scant regard that some of Russia's institutions have for due process.
Mr Browder is a brave man, perhaps to the point of recklessness; recklessly endangering his own life.
Thirdly, and importantly (without wishing to belittle Sergey Magnitsky's barbaric treatment), it is a contemporaneous record of what is happening on the front line to anybody who crosses the power elite in Russia; from illegal tax assessments and unlawful share dilutions to the employment of "white noise" jamming techniques in meetings - not forgetting Litvinenko's polonium poisoning (in the UK), allegedly by the FSB.
Mr Browder's experiences are just as seminal as the views of those who have spent their lives studying the topic from afar, never having set foot on Russian soil. There is no substitute for the harsh realities of practical experience.
Furthermore, being a writer myself on Russian affairs and culture (both of fact and fiction), I can empathise with his experiences. I, too, lived and worked on the front line in the USSR/Russia in the late 1980s/90s – not as a business investor, but as a lawyer trying to help bring some order to a disintegrating communist empire. And, again, like the author, I have met many Russian individuals whom I admire, respect and love, and who just want to live in harmony with the rest of us. Russian government institutions, on the other hand are, as Churchill said of the USSR generally: "a riddle wrapped in a mystery inside an enigma".
This book is a must read, not only by those proposing to invest in Russia, but also by anybody interested in international relations with the country, which at the moment are testy to say the least. If both East and West took more time to try to understand the other side's position, and not judge each other by their own standards, I am sure that the relationship would be warmer, despite the cultural differences.
His expertise is in the privatisation of liberated, eastern block companies. Along the way he upsets some of the shady, immensely wealthy oligarchs . His young lawyer whom he totally trusts and believes in discovers a massive fraud against the Russian tax office perpetrated by high ranked Russian officials who in turn make the young man's life a living hell. They imprison and torture him month after month denying him medical attention for an agonising condition in an attempt to have him retract his findings. This brave young lawyer will not do so, so they beat him to death.
The second half of the book concerns Bill Prouder's crusade to get justice for his friend's good name and family. His fight involves the British and U.S. government at the highest levels. Republican Senator John McCain comes out of it as a hero while democrat senator Kerry is portrayed as a self obsesed disgrace. On the other side the battle goes all the way up to Putin and what a piece of work he is.
If this was a work of fiction one would think it OTT, but it is a well documented truth opening one's eyes to the Russian greed, cruelty, in-bread dishonesty and it must be noted stupidity.
Bill Prouder to his own danger sticks to his task and is much to be admired. I promise this is one you won't put down.
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The painful background to the 'Magnitsky act' is laid bear here.