01/02/11

Permalink Russian oil tycoon faces 14 years in prison

Jailed former Russian oil tycoon Mikhail Khodor-kovsky has been sentenced to six more years in prison. Khodor-kovsky had his jail term extended until 2017 after being convicted of theft and money-laundering. Following a 20-month trial, the judge convicted Khodorkovsky on charges of stealing the oil that his Yukos company produced from 1998 to 2003 and laundering the proceeds. The judge granted the prosecutors' request and ordered Khodorkovsky, who is in the final year of an eight-year sentence, to serve a total of 14 years in prison, including his current term and now extending from the day of his arrest. This means he faces 6 more years in jail. The Moscow court did not find any grounds for passing a suspended sentence.

Stephen Lendman: Hail to the Thief: The New York Times Defends Mikhail Khodorkovsky

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