Accessibility links

Breaking News

Release on Bail Not Expected for Jailed Russian Oligarch - 2003-11-11

A Moscow court is due to rule Tuesday on whether Russia's richest man, Mikhail Khodorkovsky, will remain behind bars until his trial on multiple fraud and tax evasion charges. Mr. Khodorkovsky, who recently resigned as the head of Russia's largest oil company, Yukos, has been in jail since October 25. Few expect Moscow's Basmanny court to agree to the defense's request to release Mr. Khodorkovsky on bail, pending his trial.

The Russian Prosecutor General's Office has said it wants the billionaire oil tycoon behind bars at least until December 30.

A trial date for the high-profile case has not yet been set.

Mr. Khodorkovsky's lawyers argue that his arrest last month was motivated by politics because he openly supports parties running against President Vladimir Putin's allies in parliamentary elections scheduled for December.

President Putin has said he has no authority to intervene in a criminal investigation and has stated repeatedly that all people are equal before the law.

If convicted, Mr. Khodorkovsky faces up to ten years in prison.