RUSSIA - Nov 30 - Putin Vows to Continue Oligarch Fight.Speaking at the All-Russia Congress of Judges, Putin acknowledges authorities continue to be influenced by the so-called oligarchs, as the core unit of jailed tycoon Mikhail Khodorkovsky's Yukos oil giant is being prepared for sale. He said: "Unfortunately it is still the case ... We are fighting this and will continue to fight this. Our task is to prevent this scenario from developing by democratic means and legal institutions". Putin also said more needs to be done to curb the judiciary, which many Russians perceive to be riddled with corruption, with court rulings handed down to the highest bidder HIGHEST BIDDER, contracts. He who, at an auction, offers the greatest price for the property sold. 2. The highest bidder is entitled to have the article sold at his bid, provided there has been no unfairness on his part. . At the Congress, Putin suggested amendments to the law on judges, obliging o·blig·ing adj. Ready to do favors for others; accommodating. o·blig ing·ly adv. them
to disclose information on their earnings and property. (Russia's
economy and politics were dominated in the 1990's by vastly
powerful business tycoons, who used their financial resources to snuggle
up to then president Boris Yeltsin's cash-strapped Kremlin. Since
Putin came to power, the oligarchs' influence has diminished
one-time Kremlin kingmaker king·mak·er n. One who has the political power to influence the selection of a candidate for high public office. king Boris Berezovsky This article is about the Russian businessman. For the Russian pianist, see Boris Berezovsky (pianist). Boris Abramovich Berezovsky (Russian: Бори́с Абра́мович lives in self-imposed exile in London, while mogul Vladimir Gusinsky fled abroad after an aggressive probe into his media empire. Most recently, Putin clashed swords with oil baron Khodorkovsky, whose Yukos oil company is on the brink of collapse as its core unit Yuganskneftegaz is due to be sold next month against its crippling multibillion dollar tax bills. The Kremlin has cast the case against the company and its founder as a clampdown clamp·down n. An imposing of restrictions or controls: "Advertisers and broadcasters would raise howls of protest against any strong clampdown" Wall Street Journal. on shady business practices, but observers suggest Khodorkovsky, who is currently jailed on fraud and tax evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates. Tax evasion is a criminal offense under federal and state statutes. A person who is convicted is subject to a prison sentence, a fine, or both. charges, drew the Kremlin's ire by aggressive lobbying and funding of political parties in the run up to parliamentary elections in winter 2003). |
|
||||||||||||||||||||

ing·ly adv.
Printer friendly
Cite/link
Email
Feedback
Reader Opinion