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...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...

Author: /time Magazine | Title: World Watch | 7/27/2003 | See Source »

...allowed the 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...

Author: /time Magazine | Title: Going For The Moguls | 7/20/2003 | See Source »

...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...

Author: /time Magazine | Title: Biz Watch | 7/13/2003 | See Source »

...CHARGED. PLATON LEBEDEV, 43, billionaire associate of Russia's richest man, Mikhail Khodorkovsky; with fraud; in Moscow. Authorities are investigating Lebedev for the privatization of a fertilizer plant in 1994. The day after Lebedev's arrest, Khodorkovsky, chairman of oil giant Yukos, was questioned by state prosecutors. Khodorkovsky has angered the Kremlin with his plans to fund opposition parties in this winter's parliamentary elections...

Author: /time Magazine | Title: Milestones | 7/7/2003 | See Source »

...Roman Abramovich (worth $5.7 billion, according to Forbes), who bought himself the ultimate bauble, a sports team: London's Chelsea Football Club. Not so good for Mikhail Khodorkovsky ($8 billion) of the giant Yukos group, who was questioned by state prosecutors investigating corruption. And downright terrible for Platon Lebedev ($1 billion), head of Khodorkovsky's finance arm Menatep, who was arrested on fraud charges in connection with the privatization of a fertilizer plant in 1994. Khodorkovsky, Russia's richest man, was questioned in connection with the Lebedev case, but many believe his problems are political, not criminal. He is helping...

Author: /time Magazine | Title: Changing fortunes | 7/6/2003 | See Source »

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