[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Monday, 28 July, 2003, 16:45 GMT 17:45 UK
Russian tycoon faces new charge
Lebedev is already in custody
A key shareholder of Russian oil giant Yukos has been charged with tax evasion, as a row between the Kremlin and the country's business elite deepens.

Platon Lebedev, one of Russia's richest men, is already facing three charges, including theft of state property during a 1994 privatisation deal, and is currently in custody.

Russian business has been rocked by a judicial investigation into the privatisation and by a probe into Yukos' tax position.

The investigation has raised fears that the Kremlin will re-examine the results of the 1990s sell-off of state property that made a handful of tycoons - the so-called oligarchs, including Mr Lebedev - into billionaires overnight.

Vladimir Putin and Mikhail Kasyanov
Putin and Kasyanov criticised detention of businessmen
The Russian authorities are investigating both Yukos and rival firm Sibneft, which are due to merge to create the world's fourth-ranked producer.

Yukos chief executive Mikhail Khodorkovsky, who is a close ally of Mr Lebedev and has a personal fortune estimated at $8bn, has been targeted by prosecutors in what is seen as a politically-driven campaign by Kremlin figures.

However, both President Vladimir Putin and Prime Minister Mikhail Kasyanov have described the detention of businessmen suspected of economic crimes as excessive.

Interfax news agency quoted Natalya Vishnyakova, another spokeswoman for the Prosecutor-General's Office, as saying that such statements could be construed as pressure on the courts.

"There is an opinion among the people that if you steal a little you'll go to prison but if you steal a lot you'll escape responsibility," she said.

"We're trying to reject that point of view."

Another spokeswoman for the office, Irina Aleshina, said Mr Lebedev had been arrested because he was planning to escape abroad.

Russian PM calms oligarchs row
17 Jul 03  |  Business
Russian tycoon 'names successor'
14 Jul 03  |  Business
Police raid Russian oil giant
11 Jul 03  |  Europe
Yukos probed over tax
09 Jul 03  |  Business
Tycoon shrugs off Putin rift
07 Jul 03  |  Business
Russia's 'most hated' tycoons
08 Apr 03  |  Business

The BBC is not responsible for the content of external internet sites


News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific