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...northern province of Navarre, injuring a passing van driver, again after a telephoned warning from someone claiming to represent ETA - By Jane Walker Kremlin Controversy RUSSIA The confrontation between the Kremlin and Mikhail Khodorkovsky turned uglier, with the nation's richest man 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...

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

...expansive mood. "I believe in certain values in life," he says. "I want to set an example of public service." Politics, in fact, is a welcome pursuit for Uzan, who is leader of the Youth Party. But he is also scion of one of Turkey's richest and most controversial business empires. And business for the Uzan group is not going so well. In June the government of Recep Tayyip Erdogan seized two major Uzan-owned utilities in southern Turkey for breaching energy regulations, and in July the country's independent banking regulator took over the Uzans' flagship bank, Imar...

Author: /time Magazine | Title: Not Just Business As Usual | 7/27/2003 | See Source »

...Sentenced. Yang Bin, 40, Chinese-born Dutch citizen who once ranked as China's second-richest man; to 18 years in prison for crimes including bribery and fraud; in Shenyang, China. Yang became wealthy raising flowers, before expanding into real estate. In 2002, he was selected to head a North Korean Special Administrative Region in the city of Sinuiju, apparently without Beijing's prior consent. He was arrested shortly afterward...

Author: /time Magazine | Title: Milestones | 7/21/2003 | See Source »

...that Russian business has changed since the wild '90s, when it was synonymous with dodgy privatization and contract killings. These days he wants to depict the Russian corporate world as dynamic, modern - and predictable. That image shattered last week when the Kremlin went head to head with Russia's richest man, Mikhail Khodorkovsky, the 40-year-old proprietor of the oil giant Yukos and the richest man in Russia. The markets dropped abruptly, and polite discourse was infused with language reminiscent of The Godfather. The operation against Khodorkovsky, pundits and Yukos supporters claimed, was a Kremlin "contract" designed to punish...

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

...Then we'd have to mourn the passing of yet 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...

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

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