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YUKOS ex-co-owner sentenced to 8 years imprisonment in absentia

August 01, 2012, 20:07 UTC+3
The parties have ten days to appeal against the sentence
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MOSCOW, August 1 (Itar-Tass) —— Moscow’s Zamoskvoretsky Court on Wednesday sentenced in absentia YUKOS ex-co-owner Vladimir Dubov to eight years of imprisonment for stealing 76 billion non-redenominated rubles from the budget. He was found guilty of swindling by theft and of causing property damage without signs of theft (articles 159 and 165 of the Criminal Code of the Russian Federation). The court did not deem it necessary to fine him.

Dubov, put on an international wanted list by Russia, lives in Israel and so was tried in absentia.

The prosecutor earlier demanded that he be sentenced to eight years of the deprivation of freedom in a colony with a general regime without being fined.

According to the public prosecutor, the guilt of the YUKOS co-owner had been completely proved by investigation. Investigators have the information that a trilateral agreement was signed in 1997 by the Russian Ministry of Finance, YUKOS subsidiary Yuganskneftegaz and the Volgograd regional administration. Breaking the agreement, Dubov, then head of the YUKOS asset managing company, stole about 76 billion (non-redenominated) rubles from the budget of the Volgograd region that were allocated for the construction of housing for the military.

The parties have ten days to appeal against the sentence.



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