Posts Tagged ‘Platon Lebedev’

Mikhail Khodorkovsky, Former Russian oligarch gets 14-year sentence

Friday, December 31st, 2010
Former tycoon Mikhail Khodorkovsky, who challenged the rule of Russian leader Vladimir Putin was sentenced to remain in prison until at least 2017.  He was convicted this week on embezzlement and money-laundering charges.

Judge Viktor Danilkin sentenced Mikhail Khodorkovsky to 14 years in prison to be served concurrently with a previous eight-year term that he was soon to complete, in a politically charged case widely condemned in the West.

The judge implied that the new term would keep him behind bars until 2020, but his defense team said the term would be calculated to start with his arrest in 2003.

Platon Lebedev, Khodorkovsky’s business partner,  also received a 14-year sentence and responded by smiling from inside a bulletproof-glass enclosure.  His elderly mother, Marina, was unable to contain herself and shouted to the judge, “You be damned, and your ancestors too.”

The business partner’s were convicted of embezzling the equivalent of $27 billion worth of oil from the now-defunct Yukos Oil Co. The court found that they had “created an illusion of a market mechanism to set oil purchase prices to hide the illegal documentation of the unfair deals and eventually to steal the oil.”

Mikhail Khodorkovsky case

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