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Yukos Founder Faces New Charges

Law360 (February 5, 2007, 12:00 AM EST) -- Money laundering and embezzlement charges have reportedly been filed against Russian oil tycoon Mikhail Khodorkovsky, who was once Russia’s richest man but has since been thrown in jail and seen his empire collapse.

Khodorkovsky, who founded now-bankrupt OAO Yukos and was a prominent opponent of President Vladimir Putin, is already serving an eight-year sentence for fraud and tax evasion. Critics of the Russian government have contended that the Kremlin drummed up all the charges as a form of political retribution.

“[These new charges are] not simply...
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