British fund manager Browder released from police station in Madrid - police source

British fund manager Browder released from police station in Madrid - police source

British fund manager Browder released from police station in Madrid - police source

Interpol blocked Russia's attempts to issue an arrest warrant to Browder for the fifth time in October previous year by informing him of its decision to dismiss Russia's request to put him on the Interpol wanted list.

Bill Browder was arrested for two hours in Madrid on Wednesday morning.

On Wednesday, Browder tweeted that he had been arrested in Madrid and taken to a police station.

A Moscow court found Browder guilty in absentia of tax evasion in December and sentenced him to nine years in jail as well as ordering the collection of 4.2 billion rubles ($70 million) in unpaid taxes, state-run Tass reported.

Mr Browder later said he had been released after the Interpol general secretary in Lyon advised Spanish police "not to honour the new Russian Interpol red notice".

Chicago-born Browder is the founder and CEO of Hermitage Capital Management, an global investment fund.

Browder earlier wrote on Twitter that he had been detained in Spain on a Russian Interpol arrest warrant.

Browder has criticized the Russian government many times.

"There is not, and never has been, a Red Notice for Mr Bill Browder", it said in a statement.

"Browder is not wanted via Interpol channels".

Last year, a Council of Europe report found that flaws in the Interpol red notice system allowed oppressive regimes to persecute dissidents overseas and expressed concern that Spain was not exercising the same screening process of red notices as other countries. "All I can say is I know the Russian side intimately and I can tell you this was a highly resourced operation to get rid of a piece of legislation that would affect Vladimir Putin personally".

"This is the 6th time that Russian Federation has abused Interpol in my case", he wrote on Twitter.

But the US-born financier, who is a British citizen, tweeted that a new notice had been issued.

Magnitsky was imprisoned on charges widely considered to be false, and died amid claims he was tortured.

British Foreign Secretary Boris Johnson has welcomed the release of United Kingdom -based financier William Browder after a brief detention by police in Spain.

His lawyer, Sergei Magnitsky, uncovered a £174m fraud believed to have involved Russian officials against Hermitage Capital Management.

"Moscow should concentrate on bringing those responsible for the murder of #Magnitsky to justice", Johnson added.

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