JURIST Supported by the University of Pittsburgh
PAPER CHASE NEWSBURSTDigest RSS feedFull RSS feed
Serious law. Primary sources. Global perspective.


Sunday, May 08, 2005

Khodorkovsky could face new charges of misappropriating Yukos assets
Jeannie Shawl at 3:15 PM ET

[JURIST] Former Yukos [official website] CEO Mikhail Khodorkovsky [BBC profile] and his business partner Platon Lebedev may soon face new charges over their handling of the oil company's affairs, according to a report Friday in the Russian newspaper Izvestia. Russian investigators are looking into allegations that Yukos' top executives and shareholders misappropriated $11 billion in assets by selling oil from Yukos' production units to offshore intermediary companies. Russian companies regularly sell oil via offshore firms, but Izvestia reports that prosecutors are seeking to prove that the scheme is criminal in nature and qualifies as misappropriation. Lawyers for Khodorkovsky and Lebedev told Izvestia that they haven't ruled out the possibility of new charges being filed against their clients. Khodorkovsky and Lebedev are currently on trial [Khodorkovsky trial defense website] on charges of tax evasion. A verdict in that case is scheduled to be delivered on May 16 [JURIST report]. MosNews has more.






Link |  | print | subscribe | RSS feeds | latest newscast | Facebook page

For more legal news check the Paper Chase Archive...


LATEST LEGAL NEWS

 New Bolivia law allows president to run for third term
4:08 PM ET, May 21

 Guatemala court voids ex-dictator Rios Montt's genocide conviction
3:37 PM ET, May 21

 UN urges Afghanistan to approve women's rights legislation
9:02 AM ET, May 21

 click for more...

Get JURIST legal news delivered daily to your e-mail!

LATEST FORUM

The War on Terror and the Need for Muslim Support
DOMESTIC
Faisal Kutty
Valparaiso University Law School

ABOUT

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.

CONTACT

Paper Chase welcomes comments, tips and URLs from readers. E-mail us at JURIST@jurist.org