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Jailed Russian oil tycoon expected to receive verdict

12-15-2010 08:40 BJT

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Jailed Russian oil tycoon Mikhail Khodorkovsky is expected to receive a verdict in his latest trial, on fraud and embezzlement charges, soon. If found guilty, he could be kept behind bars until 2017.

Khodor-kov-sky and his business partner, are accused of stealing, more than 200 million tons of oil, worth 27 billion US dollars. It was produced by the now-defunct oil company, Yukos, from 1998 to 2003. The 47-year-old former CEO of Yukos, was arrested in 2003 on charges of tax evasion.

At his first trial, Khodor-kov-sky received an eight-year sentence. It was widely seen as punishment for his challenging the then-Russian leader, Vladimir Putin, by funding opposition parties and threatening to sell off his oil company to foreign investors.

Editor:Zhang Jingya |Source: CNTV.CN

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