Word: lebedev
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...Best Man For the Job? If ever a company needed saving, it is Yukos. The troubled Russian oil titan, hit by the jailing last year of top shareholders Mikhail Khodorkovsky and Platon Lebedev, learned last week that the Kremlin allegedly favors the idea of France's Total taking 25% of Sibneft - the oil company in which Yukos says it has a 92% holding. (Total denied it was interested.) A group of foreign banks warned Yukos that with Russia having frozen its assets over a $3.5 billion tax claim, the company was in danger of defaulting on a $1 billion loan...
...population." Yukos stock jumped on hopes the recant - reminiscent of Stalin-era confessions - might be part of a deal to free Khodorkovsky. Fat chance. Although authorities indicated they would allow Yukos to keep disputed Siberian licenses, the Prosecutor General posted charges against Khodorkovsky's associate Platon Lebedev on its website. "Khodorkovsky is deluding himself if he thinks he can mend fences with Putin," says political analyst Dmitri Furman. It can't hurt to try - By Peter Gumbel. With reporting by Yuri Zarakhovich Someone's Paying The Price Global music-industry trade body IFPI filed the first suits against online piracy...
...warning that hard-liners might level more charges against his Yukos oil corporation. Lawyers for Alexei Pichugin, the senior Yukos official detained on suspicion of murder, claimed investigators had spiked his coffee with drugs during interrogation. Meanwhile, a judge ruled to keep a key Khodorkovsky business associate, billionaire Platon Lebedev, in prison pending an investigation into embezzlement charges. Reflecting the growing concern in business circles about the case, Prime Minister Mikhail Kasyanov said those accused of economic crimes should not be held in preventive custody, and added that the case "harms the country's image and investor sentiment." President Vladimir...
...situation to deteriorate. Sooner or later, Pavlovsky believes the President will have to intervene, probably by making changes at the top of his Kremlin administration. How did Putin's relationship with Khodorkovsky become so strained? The crisis started early this month when the prosecutor's office accused Platon Lebedev, 43, a billionaire and key member of Khodorkovsky's financial empire, of embezzlement in connection with the privatization of a fertilizer plant. This was strange, as the prosecutor's office had previously decided that there was no case to bring. About the same time, a senior Yukos security official was detained...
...another VW icon: the microbus. Gunning For Oil A raid by armed, masked police on the headquarters of Russia's giant Yukos oil corporation last week escalated the standoff between the Kremlin and Yukos owner Mikhail Khodorkovsky, Russia's richest man. His problems started when a senior associate, Platon Lebedev, was accused of the fraudulent privatization of a fertilizer company in 1994. Since then, accusations have been made - though no charges have been brought - that Yukos may have avoided paying taxes. The raid also pushed down its share price by 6.5% in a day, and spooked investors. The confrontation...