News / Europe

Russian Oil Tycoon Khodorkovsky Found Guilty of Money Laundering

Mikhail Khodorkovsky's lawyers say they will appeal verdict

Mikhail Khodorkovsky, center, and his co-defendant Platon Lebedev, right, are escorted to a court room in Moscow, 27 Dec 2010.
Mikhail Khodorkovsky, center, and his co-defendant Platon Lebedev, right, are escorted to a court room in Moscow, 27 Dec 2010.
Albina Kovalyova

Former Russian oil tycoon Mikhail Khodorkovsky has been found guilty of embezzlement at his politically charged second trial in Moscow. The judge ruled that Khodorkovsky and his business partner Platon Lebedev were guilty of stealing from their firm Yukos and laundering the proceeds.

As the two men were lead into the courthouse, their supporters chanted "Freedom".

But, freedom was not what the two men received.

Once in the court room, both Khodorkovsky and Lebedev watched behind a glass cage as the verdict was read.  

The judge said that the defendants were guilty of embezzlement, acting in collusion with a group of people and using their professional positions for financial gain.

Khodorkovsky's defense lawyer Vadim Klyuvgant told the press that the verdict was unjust and the accusations were false.  

He said that the defense team had no doubt that the court was pressured and the court did not make an independent decision.

Currently serving an eight year sentence after being found guilty of tax-evasion and fraud, Khodorkovsky was expected to be released from prison next year. But the new sentence could keep him behind bars for another ten years according to legal experts.

Despite the high media attention of the case, critics like Nikolai Petrov, at the Moscow Carnegie Center, think that the verdict - and what it signifies - is hardly surprising.  

"If it tells about the state of the legal system, it tells that the state is absolutely the same as it used to be," Petrov said. "So there are no positive changes at all."  

Chris Weafer, the Chief Strategist at the financial corporation UralSib, believes it will have little effect on the foreign investment climate in Russia.  

"Investors - those who are already engaged in Russia and those that are looking at Russia as a potential investment location in the future - I think they are much more concerned about what the government is doing with corruption or improving the business climate," Weafer said.

Delivering the full verdict and sentence is expected to take several days. Khodorkovsky's lawyers have already said they will appeal.

You May Like

Reports of Mass Murder on Mediterranean Smuggler’s Boat

Boat sailed from Libya with 750 migrants aboard and arrived in Italy with 569 More

Video New Thailand Hotline Targets Misbehaving Monks

Officials say move aims to restore country’s image of Buddhism, tarnished by recent high profile scandals such as opulent lifestyle, drug and alcohol abuse, as well as child sex abuse More

Study: Dust from Sahara Helped Form Bahama Islands

What does the Sahara have in common with a Caribbean island? Quite a lot, researchers say More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Astronauts Train in Underwater Labi
X
George Putic
July 25, 2014 7:25 PM
In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.
Video

Video Astronauts Train in Underwater Lab

In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.
Video

Video Not Even Monks Spared From Thailand’s Junta-Backed Morality Push

With Thailand’s military government firmly in control after May’s bloodless coup, authorities are carrying out plans they say are aimed at restoring discipline, morality and patriotism to all Thais. The measures include a crackdown on illegal gambling, education reforms to promote students’ moral development, and a new 24-hour phone hotline for citizens to report misbehaving monks. Steve Sandford reports from Bangkok.
Video

Video Virtual Program Teaches Farming Skills

In a fast-changing world beset by unpredictable climate conditions, farmers cannot afford to ignore new technology. Researchers in Australia are developing an online virtual world program to share information about climate change and more sustainable farming techniques for sugar cane growers. As VOA's Zlatica Hoke reports, the idea is to create a wider support network for farmers.
Video

Video Airline Expert: Missile will Show Signature on Debris

The debris field from Malaysia Airlines Flight 17 is spread over a 21-kilometer radius in eastern Ukraine. It is expected to take investigators months to sort through the airplane pieces to learn about the missile that brought down the jetliner and who fired it. VOAs Carolyn Presutti explains how this work will be done.
Video

Video Treatment for Childhood Epilepsy Heats up Medical Marijuana Debate

In the United States, marijuana is classed as an illegal drug by the federal government. But nearly half the states have legalized it, to some degree. Proponents say some strains of marijuana might have exceptional health benefits, for treating pain or inflammation in chronic conditions such as cancer, multiple sclerosis and epilepsy. Shelley Schlender reports on a strain of medical marijuana developed in Colorado that is reputed to reduce seizures in childhood epilepsy
Video

Video Airbus Adds Metal 3D Printed Parts to New Jets

By the end of this year, European aircraft manufacturing consortium Airbus plans to deliver the first of its new, extra-wide-body passenger jets, the A350-XWB. Among other technological innovations, the new plane will also incorporate metal parts made in a 3-D printer. VOA's George Putic has more.
Video

Video AIDS Conference Welcomes Exciting Developments in HIV Treatment, Prevention

Significant strides have been made in recent years toward the treatment and prevention of HIV, the virus that causes AIDS. This year, at the International AIDS Conference, the AIDS community welcomed progress on a new pill that may prevent transmission of the deadly virus. VOA’s Anita Powell reports from Melbourne, Australia.
Video

Video IAEA: Iran Turns its Enriched Uranium Into Less Harmful Form

Iran has converted its stockpiles of enriched uranium into a less dangerous form that is more difficult to use for nuclear weapons, according to the United Nations’ Atomic Energy Agency. The move complies with an interim deal reached with Western powers on Iran's nuclear program last year, in exchange for easing of sanctions. Henry Ridgwell reports for VOA from London.

AppleAndroid