Russian authorities arrest Yukos manager, demand more back taxes News
Russian authorities arrest Yukos manager, demand more back taxes

[JURIST] Russian authorities Thursday arrested a manager at a key subsidiary of Yukos on charges of embezzling $766,000 which was disguised as charitable contributions. Also today, the Prosecutor General's office announced the issuance of an international arrest warrant for Yukos lawyer Nikolai Gololobov on charges of misappropriating billions of rubles worth of shares in 1998. These developments are likely to ratchet up pressure on the troubled oil giant which still faces total tax claims of $14 billion for 2000-2002 and which are likely to grow, according to reports. Interfax reports that Russia's tax authorities will soon charge the oil giant with a new back tax bill for 2003 which will exceed the amount of its $6.76 billion claim for 2002. Paper Chase has background on Russia's case against Yukos. AP has more.

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