Page:Simpson-transcript-redacted.pdf/47

Glenn SimpsonPage 47 In fact, William Browder famously said in 2005 at Davos everybody knows under Putin you have to pay your taxes, which is ironic because at the time he was being investigated for not paying taxes. Ultimately they were caught, some of these companies were prosecuted, and he was forced to make an enormous tax payment to the government of Russia in 2006.

I will add that Sergei Magnitsky was working for him at this time and all of this happened prior to the events that you are interested in involving the Russian treasury fraud and his jailing. This precedes all that.

But returning to the detailed discussion of my work, we investigated William Browder's business practices in Russia, we began to understand maybe what it was he didn't want to talk about, and as we looked at that we then began to look at his decision to surrender his American citizenship in 1998. At that point somewhere in there the Panama papers came out and we discovered that he had incorporated shell companies offshore in the mid 1990s, in 1995 I believe it was in the British Virgin Islands, and that at some point his hedge fund's shares had been transferred to this offshore 1-800-FOR-DEPO