Yukos Execs Sentenced In $13B Embezzlement Case

Law360, New York (March 5, 2007, 12:00 AM EST) -- Jail sentences have been handed down to two former Yukos executives who were convicted of embezzling $13 billion from the bankrupt oil company.

Vladimir Malakhovsky, former head of Yukos affiliate Ratibor, and Vladimir Pereverzin, the former director of Yukos' external debt department, were sentenced to 12 and 11 years in prison, respectively, according to Russian news reports.

They were accused of illegally transferring $13 billion in crude oil sales out of the country through Yukos subsidiary Fargoil between 2000 and 2003 by artificially lowering prices and...
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