Yukos Founder Faces New Charges

Law360, New York (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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.