Eugen lladi, September 19, 2017 – The Bulgarian banker undermined the spirit of the Magnitsky Act. Retrieved from New Eastern Europe – The Global Magnitsky Act is one of the shining lights of the American legal system. The law, which was recently updated, allows the United States government to impose restrictions on bad actors in oppressive regimes, including Russia, to punish individuals who violate human rights and profit from corruption.
Currently, one accused law breaker in Bulgaria is attempting to pervert the Global Magnitsky Act and turn it upside down. Tzvetan Vassilev – a Bulgarian businessman who has been indicted for driving a respected bank into default by using it to run a pyramid scheme – is trying to protect himself from prosecution by invoking the law. Even worse, he is comparing himself to the law’s heroic namesake, Sergei Magnitsky.