Platon Lebedev, the business partner of former YUKOS head Mikhail Khodorkovsky and ex-chief of Group MENATEP, may be freed from prison in March, 2013. A court in the northwestern town of Velsk in Russia’s Arkhangelsk region, where Lebedev’s currently serving his term, has reduced his 13-year prison sentence by three years and four months.
In late 2010, a Moscow district court sentenced former YUKOS head Mikhail Khodorkovsky and his business partner Platon Lebedev to 14 years in prison for oil theft and money laundering. They were to be released in 2017, taking into account the time they had already served for convictions from their first trial back in 2005. The Moscow City Court then reduced their sentences by one year, meaning they could walk free in 2016.
Platon Lebedev has been in jail since July, 2003, spending 9 years behind bars. He submitted the appeal to mitigate his sentence after amendments were introduced to the Criminal Code, softening the punishment for economic crimes.