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Former Yukos executive, Vasily Alexanyan, dies in Moscow

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  • Former Yukos executive, Vasily Alexanyan, dies in Moscow

    Former Yukos executive, Vasily Alexanyan, dies in Moscow

    09:27 - 04.10.11


    Former executive vice president of the Yukos oil company, Vasily
    Alexanyan, died in Moscow on Monday aged 39 of AIDS-caused
    complications, the Russian news agency RIA Novosti reported, citing a
    local TV channel.

    Alexanyan, charged with money-laundering, tax evasion and
    embezzlement, was diagnosed with HIV a few months after he was
    arrested in 2006. Shortly after, he contracted tuberculosis and went
    nearly blind. According to the prosecution, he embezzled property and
    shares from the oil companies Tomskneft and VNK.

    Alexanyan was released from custody in December 2008 after posting
    bail of 50 million rubles ($1.6mn at current rates). The bail was
    returned after the court announced its decision to dismiss the case.
    Charges against him were dropped in 2010.
    Critics in Russia and the West said his treatment in jail was "inhumane."

    Legal proceedings launched against the now defunct oil company Yukos
    in 2003, seen by critics as politically motivated, resulted in the
    conviction of many executives and shareholders, including founder and
    CEO Mikhail Khodorkovsky.

    Khodorkovsky was arrested in 2003 on tax evasion charges and sentenced
    to eight years in 2005. His sentence was extended in a second trial on
    separate charges earlier this year and he is now due for release in
    2016.

    Lawyers for Yukos, which once pumped out more oil than both Libya and
    Qatar, had said that the company was hounded out of business after its
    owner Khodorkovsky - then Russia's richest man - began funding the
    Russian opposition. The Kremlin has consistently denied the
    allegation.

    The European Court of Human Rights ruled in September 2011 that the
    Russian authorities had violated the rights of Yukos, but rejected
    claims that the breakup of the oil giant was politically motivated.


    Tert.am

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