RUSSIA - Nov. 11 - Court Refuses To Bail Ex-Chief Of Yukos.Shares in Yukos closes down nearly 3% as a Moscow court refuses bail to Mikhail Khodorkovsky The of this article or section may be compromised by "peacock terms".You can help Wikipedia by removing peacock terms. , who was jailed on Oct. 25 and charged with 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. totalling more than $1 bn. The court rejects an appeal against Khodorkovsky's continued detention in pre-trial custody at least until Dec. 30, and orders that the Nov. 11 hearing be held in closed session after prosecutors said that otherwise it risked jeopardising the investigation. Anton Drel, one of Khodorkovsky's lawyers, said 40 members of the Russian parliament, a number of human rights figures and 300 Yukos employees had been willing to act as guarantors, and stressed that the former Yukos chief's assets had already been frozen and his passport passport Document issued by a national government identifying a traveler as a citizen with a right to protection while abroad and a right to return to the country of citizenship. It is normally a small booklet containing a description and photograph of the bearer. confiscated con·fis·cate tr.v. con·fis·cat·ed, con·fis·cat·ing, con·fis·cates 1. To seize (private property) for the public treasury. 2. To seize by or as if by authority. See Synonyms at appropriate. adj. . Canadian lawyer Bob Amsterdam, working for Khodorkovsky, called the tycoon a "political prisoner", while Drel said he did not rule out appealing against the latest decision to the European Court of Human Rights European Court of Human Rights: see Council of Europe. . Separately, Apco, US-based PR advisers to Yukos, said that two US lawyers due to attend the court hearing had been warned by their visa agency that they would experience "serious problems" if they attempted to enter Russia. They received visas last week, after which the Moscow agency was raided by the authorities and their documents taken away. There were fresh indications that investigations by the Russian authorities were spreading from Yukos' key shareholders to the company itself, as prosecutors in the Siberian city of Tomsk confirmed that they had opened a criminal investigation into alleged non-payment of tax by one of Yukos subsidiaries, Tomskneft. Pres. Putin has attempted to play down the broader economic implications of the investigations launched by the authorities since the summer. Dmitry Medvedev Dmitry Anatolyevich Medvedev (Russian: Дмитрий Анатольевич Медведев; born September 14, 1965 in Leningrad), is a Russian , the new head of the presidential administration, hinted that prosecutors had gone too far. Prosecutors later released more than 2% of the 44% of shares that they had frozen in Yukos held via Menatep, the company through which Khodorkovsky and his partners controlled their stakes. However, Menatep said on Nov. 11 the shares had still not been released. In what could prove a test of whether the conflict escalates, the ministry of natural resources said it would on Nov. 12 examine the licence conditions of the oil reserves Oil reserves refer to portions of oil in place that are claimed to be recoverable under economic constraints. Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally controlled by Tomskneft. |
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