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Lifting seizure of YUKOS suspect's property unlawful, court

17:58 05/09/2012

MOSCOW, September 5 - RAPSI. The Moscow City Court has deemed unlawful the lifting of the seizure of late YUKOS suspect Vasily Aleksanyan's property, the told the Russian Legal Information Agency (RAPSI/rapsinews.com) on Wednesday.

The court has satisfied the prosecutors' motion against the Simonovsky District Court's ruling. The case was remanded for review for the second time.

The property was seized in an embezzlement case against Alexanyan.

The case was later dismissed as the statute of limitations had expired. The measure of restraint was canceled and the deposit was returned.

In May, Moscow's Simonovsky District Court lifted the seizure of the Moscow suburb house and car owned by Aleksanyan and inherited by his father for the second time.

The judgment was passed due to the case's termination when Aleksanyan was alive, which means that the property seizure should be lifted.

Aleksanyan died on October 3, 2011 at the age of 39. He was arrested in 2006 together with other top YUKOS managers on charges of stealing property from Tomskneft and shares in refineries and oil producing companies owned by the Eastern Oil Company.

Aleksanyan spent nearly 2.5 years in prison. His lawyers asked for his pretrial conditions to be reconsidered due to his poor health, but instead his custodial sentence was extended.

On February 8, 2008, the former top manager was moved from the pretrial detention center to an outside oncology ward. In summer 2010, the court terminated the case proceedings as the statute of limitations had expired. He was never convicted or acquitted.

The YUKOS case has been one of the most high profile in Russia in recent years. In the early 2000s, the authorities accused YUKOS executives Mikhail Khodorkovsky and Platon Lebedev of economic crimes. YUKOS, then the country's largest oil company, went bankrupt and its assets were taken over by Rosneft. Many in the West believe the case was politically driven, although Moscow denies the charges.

In 2005, Khodorkovsky and Lebedev were sentenced to eight years in prison for fraud and tax evasion.

In late 2010, a Moscow district court sentenced them to 14 years in prison for oil theft and money laundering. They were expected to be released in 2017, considering the time they had already served for their previous convictions from their first trial. However, the Moscow City Court reduced their sentences by one year on May 24.

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Lifting seizure of YUKOS suspect's property unlawful, court

17:58 05/09/2012 The Moscow City Court has deemed unlawful the lifting of the seizure of late YUKOS suspect Vasily Aleksanyan's property.
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