
A court in Moscow has sentenced two former managers at the bankrupt oil company Yukos to long prison terms for embezzlement and money laundering.
The court sentenced Vladimir Malakhovsky, the former head of the Yukos-controlled company Ratibor, to 12 years in prison.
Vladimir Pereverzin, the former deputy director of Yukos's foreign-debt department, received an 11-year sentence.
Prosecutors accused the two of buying oil at artificially reduced prices from three Yukos subsidiaries before selling it at higher prices.
Copyright (c) 2006. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036. www.rferl.org
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