Tuesday, February 14, 2012

Russia

Moscow Court Sentences Two Former Yukos Managers

Pereverzin being led into court on March 1 (ITAR-TASS)

March 5, 2007 -- A court in Moscow has sentenced two former managers at the bankrupt oil company Yukos to long prison terms for embezzlement and money laundering.

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March 05, 2007

The court sentenced Vladimir Malakhovsky, the former head of the Yukos-controlled company Ratibor, to 12 years in prison.

Vladimir Pereverzin, the former deputy director of Yukos's foreign-debt department, received an 11-year sentence.

Prosecutors accused the two of buying oil at artificially reduced prices from three Yukos subsidiaries before selling it at higher prices.

(AFP, Interfax)

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