ON JULY 2, Platon Lebedev, chairman of Yukos’s parent company and Russia’s thirteenth-richest man admitted himself to hospital complaining of chest pains. The same day, he was arrested and secured in Lefortovo prison, a former KGB lock-up usually reserved for spies and traitors. He was charged with defrauding the state of more than $280 million in the privatization of a fertilizer company in 1994.
In the ensuing days, the offices of Yukos were searched by armed guards and investigations were opened into charges of tax evasion and murder by the oil company’s senior management.
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