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 “We did not attend this hearing, but we got in touch with our Swiss colleagues and they said the Swiss court had rescinded the ruling on the freezing of the accounts,” the lawyer said.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 European Commission has approved under EC Treaty state aid rules a Latvian support scheme to stabilise financial markets by providing guarantees to eligible banks to ensure their access to financing.
more »
Gathering in Beijing, China's political elite gather to celebrate three decades of China's economic reform and market liberalisation.
more »
After two days of intense negotiations, European leaders reached agreement on how to achieve the EU’s ambitious climate change goals and endorsed a €200bn plan to revive the flagging EU economy.
more »
Detroit won't get its bailout, as the U.S. Senate blocked the measure to rescue America's big three car makers.
more »
The world is facing “an acute food crisis”. That was the verdict of a report adopted by MEPs in the Agriculture Committee on 8 December.
more »
The European Commission has agreed a Communication that aims to improve the functioning of the food supply chain in order to lower prices for consumers.
more »
The World Bank's 2009 Global Economic Prospects report is projecting world growth will shrink to 0.9 percent next year.
more »
Prospects for a federal aid package to help the US auto industry advanced on Monday.
more »
A new report from Aite Group LLC explores possible regulatory and legislative responses to the current financial crisis, with particular attention paid to three key topics: consumer lending, risk management and deposit relationships.
more »
A new report from Mercator Advisory Group's Retail Banking Practice focuses on the ATM and the multifaceted role it plays in the retail banking market.
more »