Khodorkovsky’s verdict in hearings starts Monday

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Monday May 16, 09:46

Khodorkovsky’s verdict in hearings starts Monday

(by Dr.Goldfinger)

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Khodorkovsky’s verdict in hearings starts Monday

Moscow’s Meshchansky District court Judge will start delivering the verdict in hearings over the case of Mikhail Khodorkovsky on Monday, raising fears of his defense team that Russia’s once richest man will be convicted and jailed for as much as 20 years.

Mikhail Khodorkovsky and his business partner Platon Lebedev are facing imprisonment for fraud and tax evasion in a case that has been delayed several times.

The defense team for Khodorkovsky claims that the case is politically motivated as Russia’s President Vladimir Putin decided to teach businessmen a lesson on how dangerous it is to get mixed in politics in such country as Russia.

Khodorkovsky tried to get closer to political elite by funding some officials in an attempt to resist tax pressure from Vladimir Putin. Both US and EU claimed Russia’s moves were antidemocratic but Putin stressed the case has nothing to do with politics.

Khodorkovsky and Lebedev were arrested in 2003 when Russia’s authorities filed a $28 billion back tax claim against YUKOS, the largest oil producer for Russia. YUKOS key unit Yuganskneftegaz was acquired by OAO Rosneft, Russia’s state-owned oil company, raising questions about the possibility of imposing state control over the biggest oil producers. Rosneft bought Yuganskneftegaz for $9.3 billion in December. Rosneft may now be merged with OAO Gazprom, a Russian state-controlled company that is the world’s biggest natural gas exporter.

The case remains very vocable now as the Council of Europe, the European Union’s human rights arm, said in January the specifics of the case head it to thought that the fairness and impartiality of Russian authorities are very questionable.

About 99% of criminal defendants were convicted last year in Russia, according to statistics from the country’s Supreme Court.

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Read the related news and articles:
31 May 2005 07:02 AM	Meshchansky court in Moscow sentenced Mikhail Khodorkovsky and Platon Lebedev to nine years in jail.
20 May 2005 10:54 AM	Russia wants to retain investors
18 May 2005 03:04 PM	Russia will not merge energy giants
17 May 2005 08:41 AM	Khodorkovsky’s defense pessimistic about verdict
27 Apr 2005 09:05 AM	No hearing on Khodorkovsky case till May 16

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