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Sentence Finally Delivered In Khodorkovsky Trial

by Tatiana Smolenskaya, for LawAndTax-News.com, Moscow

01 June 2005

Former head of the Yukos oil company, Mikhail Khodorkovsky was finally sentenced on Tuesday, after 12 days of verdict-reading in the Moscow court hearing his case.

The billionaire oil magnate, whose supporters believe that he has been targeted by the Kremlin as a result of his support for opposition political parties, was found guilty of six of the seven fraud, tax evasion and embezzlement charges levelled against him, and was sentenced to nine years in jail, minus time already served.

Co-defendant Platon Lebedev received the same sentence.

Lawyers for the two men are expected to appeal the verdict, arguing that the evidence delivered so far has failed to prove that they were involved in rigging auctions of state enterprises in the 1990s.

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