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Bribe, Swindle or Steal

Magnitsky Update: Canada

Bribe, Swindle or Steal

Alexandra Addison-Wrage of TRACE International

Business, News, Business News

4.9582 Ratings

🗓️ 18 December 2017

⏱️ 17 minutes

🧾️ Download transcript

Summary

Bill Browder discusses Canada's new Justice for Victims of Corrupt Foreign Officials Act and which country he hopes will be the 6th to adopt a similar law.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to the podcast, Brib, Swindle, or Steel.

0:09.0

I'm Alexandra Rogge, and today I'm catching up with a guest from earlier in the year,

0:13.0

as there have been some new developments.

0:15.0

Bill Browder owns the Hermitage Hedge Fund, which was once heavily invested in Russia.

0:20.0

After a trip back to London, Bill was

0:22.1

denied re-entry to Russia. His company was ultimately seized by criminal elements in Russia and his

0:27.6

lawyer, Sergei Magnitsky, was imprisoned and died in prison in 2009, after being denied urgently

0:34.5

needed medical care. He had been severely beaten.

0:38.8

Bill has been leading international efforts to get some sort of justice for Magnitsky ever since

0:43.1

and has infuriated Putin in the process.

0:46.6

Bill and I spoke at length on this podcast back in June,

0:49.4

but we're catching up now on more recent developments.

0:52.5

Bill, thank you so much for joining me again.

0:54.7

Great to be here. A lot has happened since we spoke earlier this year and you've been busy.

1:00.6

Why don't we start with the new Canadian law? The Canadians passed the justice for victims of

1:06.6

corrupt foreign officials act, which is also being called the Sergei Magnitsky Law, and it received

1:11.4

royal assent, which is the final step for a law to come into force in Canada on October 19th.

1:17.7

Can you give us a little bit of background on that law and how it might differ from the U.S. law,

1:23.0

if at all?

1:23.5

First of all, that law took a lot longer to get past than the U.S. law.

1:26.8

We started the Canadian political process at the same time we started the U.S. political process.

1:32.6

The U.S. process took two years from 2010 to 2012 to become law.

...

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