By Country / Russia
Russian Authorities Seize Shares In Oil Company
August 08, 2007
Mikhail Gutseriyev (file photo) (ITAR-TASS)
A Moscow court on July 31 approved the ministry's request to seize the shares in connection with a criminal investigation of the company's former chief executive, Mikhail Gutseriyev.
Russian law-enforcement authorities accuse Gutseriyev of tax evasion and "illegal business activities."
Russneft is one of Russia's top 10 oil firms in terms of production.
(Interfax, AFP)