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Former YUKOS co-owner declared guilty in absentia of embezzling public funds

16:41 01/08/2012

MOSCOW, August 1 - RAPSI. The Zamoskvoretsky District Court of Moscow has declared former YUKOS co-owner Vladimir Dubov guilty in absentia of embezzling military residential construction funds, the court spokesperson told the Russian Legal Information Agency on Wednesday.

Investigators believe that he inflicted 76 billion in pre-revaluation rubles in losses on the state.

The trial opened in November 2011. The prosecutor has asked for an eight year prison sentence.

Dubov has been placed on the international wanted list. Law enforcement authorities' requests for his extradition have been dismissed.

According to the indictment, Dubov joined an organized crime group in 1997 whose goal was to steal 76 million in pre-revaluation rubles. Using fly-by-night firms and fake documents, artificial debt was created on the Volgograd region's behalf for the YUKOS subsidiary Yuganskneftegaz.

Dubov has been accused of embezzling more than 22 billion in pre-revaluation rubles and temporary ownership of over 56 million in pre-revaluation rubles, which were later returned to the state budget. The prosecutor has also stressed that a number of suspects are hiding abroad.

Dubov's attorney said the case was under investigation in 1998, but then stopped. However, the investigation was resumed in 2003.

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Former YUKOS co-owner declared guilty in absentia of embezzling public funds

16:41 01/08/2012 The Zamoskvoretsky District Court has declared former YUKOS co-owner Vladimir Dubov guilty in absentia of embezzling military residential construction funds.
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