The Federal Court of Switzerland has partially annulled the order of the Federal Prosecutor’s Office to freeze the Swiss bank accounts of several shareholders of the Russian Yukos oil company and the Menatep holding group
Published:
16 June 2004 y., Wednesday
The Federal Court of Switzerland has partially annulled the order of the Federal Prosecutor’s Office to freeze the Swiss bank accounts of several shareholders of the Russian Yukos oil company and the Menatep holding group, RIA-Novosti news agency reports, citing a source in the law firm representing the shareholders of the two companies in Switzerland. The Federal Court fulfilled “at least a part of the appeals” over the decision to block the bank accounts, the source said.
Genrikh Padva, a lawyer for the former head of the Yukos oil company, Mikhail Khodorkovskiy, has confirmed the news. “I know this for a fact,” Padva told RIA-Novosti. “We did not attend this hearing, but we got in touch with our Swiss colleagues and they said the Swiss court had rescinded the ruling on the freezing of the accounts,” the lawyer said.
Padva said the ruling applied to only one company in the Yukos structure. He could not specify which company’s accounts had been frozen, or at which bank. The news has not yet been confirmed by the Swiss court authorities.
At the end of March the Swiss Prosecutor’s Office conducted searches and seized documents in several Swiss cities within the so-called Yukos case. This was done at request of Russian prosecutors who accuse key shareholders of the company of gross fraud and the company itself of massive tax evasion. At the same time, the Swiss authorities froze over $4 billion worth of assets in Swiss bank accounts which reportedly belonged to several Yukos shareholders.
Lawyers representing Yukos and Menatep shareholders filed nine appeals against the decision to freeze the accounts. Three of the appeals were turned down in early June.
Šaltinis:
MosNews
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The financial crisis is having a serious impact on low-income countries.
more »
The agreement was welcomed by the EU, which has led efforts to crack down on loose banking practices that caused the financial crisis.
more »
On 31 March this year, the boards of AB Bank SNORAS and AB “Invalda” approved of the purchase and sales transaction of AB “Invalda” financial group's companies.
more »
MEPs will vote on Thursday 2 April on a first reading agreement on the voluntary EU Ecolabel (“EU flower”) system for environment-friendly products to become less costly and bureaucratic to use.
more »
The fourth quarter of 2008 was not so good for the banking industry, and the financial conditions of commercial banks and savings and loans is expected to further deteriorate for the rest of 2009 and the first part of 2010, according to LACE Financial Corp.
more »
MEPs recently gave the green light to a new trade deal between Europe and Caribbean countries.
more »
New VoIP Features Boost Flexibility, Mobility, Cost Savings for Organizations Seeking to Untether Workers.
more »
According to the revised data, in IV quarter 2008, GDP at current prices made LTL 28578.8 million and against IV quarter 2007 decreased by 2.2 per cent.
more »
The EP Fisheries Committee rewrote the rules on recreational fishing in its consultative report, adopted Tuesday, on a proposed “control regulation” to ensure compliance with common fisheries policy (CFP) rules.
more »
In a measure of the Union’s strong growth prior to the financial crisis, the demand for EU trademark rights has shot up in recent years, creating an unexpected budget surplus.
more »