- Sputnik International
Russia
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Siberian court upholds custody extension for ex-Yukos head

Subscribe
A district court in Chita, in east Siberia, has upheld a lower court's decision to extend the custody of ex-Yukos head, Mikhail Khodorkovsky, a court official said on Thursday.
CHITA (Eastern Siberia), December 27 (RIA Novosti) - A district court in Chita, in east Siberia, has upheld a lower court's decision to extend the custody of ex-Yukos head, Mikhail Khodorkovsky, a court official said on Thursday.

A Chita city court had earlier extended custody of the former Yukos CEO and his business partner Platon Lebedev until February 8, 2008, over a new probe against the imprisoned former businessmen.

Khodorkovsky and Lebedev are presently serving an eight-year prison sentence in Siberia for fraud and tax evasion.

The new charges against Khodorkovsky and Lebedev, who were convicted of fraud and tax evasion in 2005, include stealing government shares, expropriating oil, and laundering $25 billion earned from oil sales in 1998-2004. Both businessmen have denied the allegations, calling them politically motivated.

The new probe against the Yukos founder was upheld by the Moscow City Court on September 19.

Russia's Supreme Court ruled December 25 that a new investigation into the activities of former Yukos owners was legal.

However, lawyers acting for Khodorkovsky and Lebedev said they would appeal the Supreme Court's ruling at the European Court of Human Rights.

"Everything that has taken place in connection with this case has already been translated into the official languages of the European Court," the former oil tycoon's lawyer, Yury Shmidt, said.

Khodorkovsky, who acquired oil assets through controversial privatization deals in the 1990s, has insisted that his prosecution was orchestrated by the authorities to silence his criticism of President Vladimir Putin, and as part of a campaign to bring oil and gas assets under the Kremlin's control.

Once Russia's largest oil producer, Yukos collapsed after claims of tax evasion, which led to the company being broken up and sold off to meet debts. The bulk of its assets were subsequently bought by government-controlled oil company Rosneft.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала