Prosecutors accused Kurtsin and eight co-defendents of laundering $340 million of Yukos assets (AFP)
1 December 2005 -- A court in Moscow today sentenced a former Yukos employee and his eight co-defendants to between two and 14 years in jail on embezzlement and money-laundering charges.
The heaviest sentence was handed down to former Yukos acting property manager Aleksei Kurtsin, who was also fined 1 million rubles ($34,700).
The Lefortovo court ruled that Kurtsin would serve his sentence in a high-security prison camp.
Prosecutors accuse the group of using fraudulent charities to launder some $340 million of the oil giant's assets.
Former Yukos CEO Mikhail Khodorkovskii is currently serving an eight-year sentence in a penal colony near Russia's Mongolian border.
Khodorkovskii, who was convicted on charges of fraud and tax evasion, says the case brought against him was politically motivated.