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27

Yukos Founder Was Denied Parole

A Siberian court has denied parole to Yukos founder Mikhail Khodorkovsky

A Siberian court has denied parole to Yukos founder Mikhail Khodorkovsky, who is serving an eight-year term for fraud and tax evasion, RIA Novosti reported.

"The court ruled to deny parole, and the decision can be appealed within 10 days in the Chita regional court," the judge said.

Lawyers for Khodorkovsky, who previously headed what was once the country's largest oil company, filed an appeal on July 16 requesting the former oligarch's early release.

The move to seek parole for Khodorkovsky came after the election of President Medvedev in March and his subsequent statement that the ex-businessman, once Russia's richest person, could eventually be pardoned.