Hermitage and HSBC's law firms raided in Moscow

August 25, 2008 Leading law firms representing HSBC and Hermitage Capital Management have been raided by Russian Interior Ministry officials in an attempt to link senior lawyers with an alleged tax fraud, , including Firestone Duncan, a US firm. The raids appear to have targeted lawyers seeking to recover three investment companies owned by HSBC that were allegedly stolen in a complex web of fraud.

Read more at business.timesonline.co.uk.

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