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Tuesday, 3 March 2009 - Jailed tycoon Khodorkovsky in court on new charges | International |
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    Read more with google mobile : Jailed tycoon Khodorkovsky in court on new charges | International |

      My Profile    Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Jailed tycoon Khodorkovsky in court on new charges Mon Mar 2, 2009 6:23pm EST   Email | Print | Share | Reprints | Single Page [-] Text [+] By Guy Faulconbridge MOSCOW (Reuters) - Jailed tycoon Mikhail Khodorkovsky goes on trial on Tuesday to face new charges of embezzlement and money laundering in a case his lawyers say will test President Dmitry Medvedev's promises to reform Russia. The fate of Khodorkovsky, who fell foul of the Kremlin under former President Vladimir Putin and was jailed in Siberia for tax evasion and fraud, is being closely watched by investors hoping for a milder tone under Medvedev. Khodorkovsky says he is the victim of corrupt officials who feared his political ambitions and wanted to carve up his YUKOS business empire, which produced more oil than OPEC member Qatar. The 45-year-old former tycoon, once ranked as Russia's richest man, was brought to Moscow this month from a prison in a remote town near the Chinese border to face new charges at a preliminary court hearing in the capital. "This case of immense importance because of what it will say to all of us about where Russia is going," Robert Amsterdam, a defense lawyer for Khodorkovsky, said by telephone from London. "This process will be of immense import for those who follow Russia," he said. Medvedev, a former lawyer sworn in as Kremlin chief last May, has demanded a clean-up of the Russian court system and has criticized high-level corruption. "The fact that the Russian president has denounced legal nihilism puts this process in a different context to the last process, where the Russian president was saying things quite different to that," Amsterdam said. Prosecutors say Khodorkovsky helped embezzle 900 billion roubles (18 billion pounds) and laundered 500 billion roubles, charges that could keep him in jail for another 22 years if he is found guilty. Khodorkovsky's lawyers say their client is a political prisoner and the new charges are absurd. They note that he is charged with stealing more oil from the YUKOS oil company that he controlled than it actually produced during the years in question. Khodorkovsky became one of Russia's most powerful businessmen -- known in Moscow as "oligarchs" -- by buying state assets cheaply and trading commodities in the chaos that followed the fall of the Soviet Union. His arrest in 2003 by officers of the FSB security service at a Siberian airport sent shock waves through Russia's business community, which feared the Kremlin would try to regain control of key raw materials companies sold off in the 1990s. Khodorkovsky was convicted in 2005 and is serving a prison term in Chita, about 7,000 km east of Moscow. He persistently denied his guilt and blamed senior officials close to Putin for his fate. Kremlin critics say his arrest and the carve-up of his business empire marked a turning point in Putin's presidency by allowing hardliners to get the upper hand and shelve reforms. (Editing by Andrew Dobbie) © Thomson Reuters 2009 All rights reserved   Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn     Next Article: Bangladesh lowers army death toll in mutiny     Also On Reuters Blog: Violence south of the border -- is worst to come? Reuters Industry Summit: Travel & Leisure iPhones and computers take fitness to heart More International News Donors pledge $4.48 billion to rebuild Gaza   |  Video Five Sri Lankan cricketers hurt in Pakistan attack New U.S. envoy on North Korea heads to region   |  Video Guinea-Bissau's president, army chief killed   |  Video Shake-up puts Raul Castro stamp on Cuba government More International News... Editor's Choice Slideshow  A selection of our best photos from the past 24 hours.  Slideshow  Most Popular on Reuters Articles Video U.S. rescue efforts may risk double-dip recession Five Sri Lankan cricketers hurt in Pakistan attack Obama pushes centers as one focus of health reform Cost of locking up Americans too high: Pew study Rebellion on "Sarah Silverman" set HSBC in $18 billion rights issue, retreats from U.S.  |  Video Obama considers funds to buy bad assets: report  |  Video Doctor tells Venezuela's Chavez to stop talking French farmer is new sun king Receiver says Stanford finances "dire" Most Popular Articles RSS Feed Video  Obama embarks on health reform Clinton's hope for Mideast peace Boater rescued, NFL players missing Wall St. hammered by AIG fallout Chinese bidder refuses to pay Talk of the Town-Boyle goes home Whales die on beach Guinea-Bissau president murdered U.S. pounded by winter storm Fishermen rescue endangered shark Most Popular Videos RSS Feed the great debate Obama's foreign policy challenges President Barack Obama’s toughest foreign-policy challenge will be in managing the sheer number of complex problems he’s inherited and their refusal to arrive in orderly fashion.  Commentary  Reuters Deals The global destination for corporate leaders, deal-makers and innovators Knowledge to Act Reuters.com:  Help and Contact Us  |  Advertise With Us  |  Mobile  |  Newsletters  |  RSS  |  Interactive TV  |  Labs  |  Reuters in Second Life  |  Archive  |  Site Index  |  Video Index Thomson Reuters Corporate:  Copyright  |  Disclaimer  |  Privacy  |  Professional Products  |  Professional Products Support  |  About Thomson Reuters  |  Careers   International Editions: Africa  |  Arabic  |  Argentina  |  Brazil  |  Canada  |  China  |  France  |  Germany  |  India  |  Italy  |  Japan  |  Latin America  |  Mexico  |  Russia  |  Spain  |  United Kingdom  |  United States   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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