WSJ: US Sues Over Magnitsky Scandal-Linked Assets

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Trade Security
Wednesday, 11 September 2013 15:40

Today's Wall Street Journal reports that "[p]rosecutors filed a civil complaint seeking the assets of 11 companies linked to a $230 million Russian tax-refund fraud uncovered by deceased Russian lawyer Sergei Magnitsky." Read the entire story here.

According to Journal, "[t]he 65-page complaint, filed Tuesday in New York federal court, accused 11 corporations of laundering a portion of the money through the purchase of real estate, including four luxury residential apartments and two commercial spaces in Manhattan."  You can access the case, as well as a statement by the U.S. Attorney's Office, by following this link.

If you would like to learn more about the history of the Magnitsky matter, as well as the law passed in the U.S. on it, in April 2013, the World Export Controls journal published an item that one our lawyers wrote about it: "The Magnitsky List: a trend-setter process in global human rights and compliance law?" You can access it here (pdf).