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Moscow Court Sentences Two Former Yukos Managers

A court in Moscow has sentenced two former managers at the bankrupt oil company Yukos to long prison terms for embezzlement and money laundering.

Pereverzin being led into court on March 1

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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