- BOSTON (AP) -- The U.S. Department
of Justice has asked a federal judge to order Harvard University and two
men accused of mismanaging an economic reform program in Russia to repay
the government $102 million.
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- The government sued two years ago, alleging that staff
of the now-defunct Harvard Institute for International Development had
invested in companies directly affected by advice they gave the Russian
government.
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- After settlement talks broke down, the Justice Department
filed papers in federal court Wednesday asking a judge to decide the case
without going to trial. Harvard lawyers also have requested a quick ruling.
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- The allegations focus on Andrei Shleifer, an economics
professor at Harvard, and Jonathan Hay, Shleifer's former deputy at the
institute, which was disbanded in 2000. Federal prosecutors say the two
men ignored signed agreements and basic ethics when they invested hundreds
of thousands of dollars in companies affected by the advice they were giving.
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- The Harvard institute had received $40 million in federal
funds to advise Russia on privatization, capital markets and legal reform.
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- http://www.themoscowtimes.com/stories/2002/06/28/031.html
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