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Hermitage Capital Management loses Swiss appeal after probe dropped

By Martin Coyle ( January 30, 2025, 13:57 GMT | Insight) -- Hermitage Capital Management has seen Switzerland’s top court reject its claim that it was directly harmed by money laundering, and thus considered “violated” under Swiss law. The fund, run by Bill Browder, made claims over Russian-linked money laundering in Switzerland more than a decade ago, though Switzerland's attorney general later closed the case. Hermitage Capital Management has seen Switzerland’s top court reject its claim that it was directly harmed by money laundering, and thus considered “violated” under Swiss law. ...

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