PracticeAccounting FirmsEx Yukos chief given nine years for fraud

Ex Yukos chief given nine years for fraud

Ex Yukos head handed heavy jail sentence over fraud and tax evasions charges

Former Yukos chief and Russian oil magnate Mikhail Khodorkovsky has been sentenced to nine years in prison after being found guilty of six out of seven charges in his fraud and tax evasion trial.

Link: Former Yukos chief found guilty

His Yukos business associate, Platon Lebedev, was handed the same sentence by the Moscow court.

The guilty verdict came in the 12th day of the trial, however, Khodorkovsky, 41, has already spent 583 days in jail, meaning he will serve another seven-and-a-half years in prison.

As the sentence was pronounced Khodorkovsky looked straight ahead, and when asked if he understood the judgement, he said ‘no sane person’ could understand the verdict.

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