HALISTER1: Lithuanian Parliament Considering Magnitsky Act, BNS Says

Lithuanian Parliament Considering Magnitsky Act, BNS Says

(Bloomberg) -- Lithuanian parliament debating law that would ban entry to foreigners linked with large-scale corruption, money laundering or human rights violations, Baltic News Service reports.
  • Foreigners that pose a threat to state security or public peace to Lithuania or any EU or NATO country risk ban of more than 5 years
  • NOTE: proposed law named after Sergei Magnitsky, Russian lawyer who accused Russian officials of stealing $230m from the national treasury before being arrested on tax-evasion charges and dying in a Moscow prison in 2009
  • NOTE: U.K. Authorities Get ‘Magnitsky Power’ to Freeze Assets

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Sergei Magnitsky (Hermitage Capital Management)

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