Court giving Khodorkovsky verdict adjourns (Agencies) Updated: 2005-05-16 18:52
MOSCOW - The court reading the complex verdict in the fraud and tax evasion
trial of oil tycoon Mikhail Khodorkovsky adjourned until Tuesday, Russian news
agencies reported.
The adjournment was called about three hours after the judge began reading
the verdict. The early reading largely reiterated the indictment against
Khodorkovsky, which his defense team said almost certainly means he will be
found guilty.
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Supporters of Russian oil magnate Mikhail Khodorkovsky rally
calling for his release during a court session in Moscow May 16, 2005.
[Reuters] | Khodorkovsky, who is on trial with
business associate Platon Lebedev, was convicted of theft with conspiracy,
damage to property rights via fraud, malicious failure to obey a court order and
personal tax evasion.
Judges still had to announce their verdicts on three remaining charges.
Sentence was due to be passed later.
The 11-month trial has scared investors and soured President Vladimir Putin's
image abroad.
A defense lawyer, Yuri Schmidt, said it had been clear from the judges'
summing up that the 41-year-old tycoon, once Russia's richest man, would be
convicted.
They repeatedly referred to Khodorkovsky and Lebedev as the leaders of an
"organized criminal group."
"In the hour that the judge has been talking, it is clear that the verdict is
guilty ... (the conclusions of the judges are) completely following the
conclusions of the prosecution," Schmidt told reporters during a court recess
before the verdicts.
The billionaire and Lebedev face seven counts of fraud, embezzlement, tax
evasion and theft that have their roots in alleged deals going back to the murky
days of post-Soviet privatization in the mid-1990s.
The affair, widely seen as part of a Kremlin campaign to destroy Khodorkovsky
for his political ambitions, has drawn criticism from the United States.
Khodorkovsky was arrested 17 months ago and has been held in prison. His
YUKOS oil firm has since been crushed under the weight of a $27.5 billion
back-tax bill.
"The Khodorkovsky trial has been the key issue of Russia's domestic and
foreign policy for almost two years," Nezavisimaya Gazeta daily said.
The prosecution is seeking the maximum 10-year prison term for Khodorkovsky,
while his defense wants him fully acquitted.
Outside the courtroom about 500 supporters gathered with banners calling for
his release, one of which read: "Mikhail in jail is Russia's shame." But a small
group of elderly people also called for him to be jailed.
Whatever the judges decide -- and their verdict and sentence may take up to
three days to deliver -- prosecutors have vowed to bring new charges to keep
Khodorkovsky behind bars.
Khodorkovsky and Lebedev -- a YUKOS minority shareholder facing almost
identical charges -- were driven to the court in an armored mini-van with tinted
windows and escorted in handcuffs into the courtroom by armed guards.
The two listened to their fate from a metal cage in the courtroom.
Khodorkovsky has branded the trial a farce.
Former top businessman Boris Berezovsky, whose opposition to Putin forced him
into London exile, said the clumsy persecution of Khodorkovsky only increased
his public appeal as a politician.
"Please demonstrate your principles," he said in an open letter published by
his Kommersant daily, asking judges to acquit Khodorkovsky. "After all, it was
Khodorkovsky who asked (Putin) in his recent appeal not to make him an
opposition banner."
The fall of YUKOS and Khodorkovsky has shaken investor confidence in Russia,
which has vast mineral and energy resources, and sensitized the stock market to
any official moves against companies seen as less than loyal to the Kremlin.
Secretary of State Condoleezza Rice said last month in Moscow that Washington
was watching the trial closely for signs of what it showed about the rule of law
in Putin's Russia.
U.S. officials, arguing that many Russian businessmen bent the rules in the
early post-Soviet years, have spoken of a "selective application of the law"
against Khodorkovsky.
In his state of the nation address on April 25, Putin emphasized the need to
restore investor confidence in Russia, urging tax officials not to terrorize
investors.
However, a statement by the prosecutor general's spokeswoman on Friday that
unspecified fresh charges were to be brought against Khodorkovsky suggested
Monday's verdict would not mean the end of the tycoon's legal woes.
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