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Court Orders Arrest Of Russian Billionaire Gutseriyev

Gutseriyev's whereabouts are unknown (file) (ITAR-TASS) August 28, 2007 -- A Russian court has issued a warrant for the arrest of Mikhail Gutseriyev, the former head of the Russneft oil company.

He is accused of tax evasion and other illegal activities.

A court spokeswoman said Gutseriyev's whereabouts are unknown.

Gutseriyev -- whose personal wealth has been estimated at $3 billion -- accused the Russian government of "unprecedented bullying" when Russneft received back-tax demands totaling $800 million.

He resigned from the company at the end of July.

(Reuters, Interfax)

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