Bill Browder arrested in Spain on Russian warrant

Spanish police arrest Bill Browder at Russian arrest warrant

Browder wrote: "Urgent: Just was arrested by Spanish police in Madrid on a Russian Interpol arrest warrant".

Browder, who co-founded the investment fund Hermitage Capital Management, is known for his intensive lobbying work to pass the Magnitsky Act, a set of financial and diplomatic sanctions targeting Russian officials involved in corruption and human rights abuses.

May 30, 2018In the back of the Spanish police vehicle going to the station on the Russian arrest warrant.

A spokeswoman for Spain's National Police Corps told Business Insider on Wednesday morning that Madrid police thought they were acting on Interpol instructions.

But there were multiple accounts about how the confusion arose, and why Mr Browder was detained.

But Browder countered that, telling City A.M.:"Interpol is playing a word game - there has never been a red notice, but there have been a number of diffusion notices - it just means it hasn't been officially approved".

Browder was a driving force behind getting the Magnitsky Act enshrined in law in the U.S. He believes it's Putin's No. 1 priority to get the U.S.to lift sanctions under the act, which now affect 44 Russians. "This is the 6th time that Russian Federation has abused Interpol in my case".

According to the publication, the warrant for Browder's arrest had expired.

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Browder, a US-born British citizen who was at one point Russia's largest foreign investor, was deported from Russian Federation in 2005 after exposing corruption in the country.

Interpol had previously refused to enforce a similar 2013 sentence for Browder, deeming it "predominantly political in nature".

Browder, the CEO of Hermitage Capital, made billions during Russia's chaotic and devastating "shock therapy" in the 1990s.

Interpol said, "A diffusion notice recently circulated in relation to Mr. Browder was found to be non-compliant following a review by the General Secretariat".

Mr Browder has written a book called Red Notice: How I Became Putin's No.1 Enemy. Mr Browder has always said that the charges against him are politically motivated.

British Foreign Secretary Boris Johnson welcomed Browder's release, tweeting: "Just spoken to Bill Browder - very glad that he has now been released".

Browder said he was going to talk to Grinda "about the huge amount of money from the Magnitsky case that flowed to Spain". "Moscow should concentrate on bringing those responsible for the murder of #Magnitsky to justice".

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