Logo
  Monday, July 6, 2020
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

A court decision on granting parole to jailed Yukos founder Mikhail
A court decision on granting parole to jailed Yukos founder Mikhail Khodorkovsly cannot be made for at least six months, a penitentiary official said Tuesday.

Khodorkovsky, who is serving an eight-year prison term for fraud and tax evasion, appealed earlier this month against a Siberian court decision on August 22 to deny him parole.

"The right for parole comes after six months after the court's previous ruling on the same matter," said Yury Kalinin, head of the Federal Penitentiary Service.

Khodorkovsky, the founder of what was once the country's largest oil company, was arrested in October 2003 and convicted in May 2005. Earlier this year new charges were filed against him, accusing him of laundering $28.3 billion and stealing huge volumes of oil between 1998 and 2004.

The Yukos oil company formally ceased to exist in November 2007, after the company's assets were sold off through a series of liquidation auctions to meet vast creditor claims. State oil company Rosneft bought up the lion's share of the production assets, becoming Russia's largest oil producer.

Khodorkovsky, an outspoken critic of former President Vladimir Putin, has consistently denied all charges against him, saying he was punished for supporting the opposition, and that the liquidation of Yukos was engineered by corrupt government officials aiming to seize lucrative oil assets.

His parole request, filed on July 16, came after the election of President Dmitry Medvedev in March. The new pro-business leader had suggested that Khodorkovsky could eventually be pardoned, and has pledged major reforms to Russia's judiciary, aimed at creating an independent court system free of bribery and corruption.

Khodorkovsky's chances of parole have been severely damaged by the latest charges, filed in June against him and his business partner Platon Lebedev, also serving an eight-year jail term for fraud and tax evasion.


Print A court decision on granting parole to jailed Yukos founder Mikhail Bookmark A court decision on granting parole to jailed Yukos founder Mikhail

Related News   
AugSeptember 2008Oct
MoTuWeThFrSaSu
25262728293031
1234567
891011121314
15161718192021
22232425262728
293012345