Yukos to face fraud allegations

Ailing Russian oil company Yukos and its former financial head will have to defend themselves in a fraud lawsuit, a US judge has ruled.

Yukos and its former chief financial officer Bruce Kisamore will be asked to respond to allegations of mis-stating the company’s tax risk to investors.

Yukos and Mr Kisamore have so far made no response to the decision by Judge William Pauley

Yukos offices are raided in probe

Offices of oil giant Yukos in Russia and the Netherlands have been raided as part of an inquiry into allegations that up to $7bn (£4bn) was laundered.

Prosecutors said four offices in the Moscow region, as well as a subsidiary in Amsterdam, were involved.

Investigators said they were looking into claims that money was stolen and taken abroad from 2000 to 2003

Oil giant Yukos faces dismantling

Russian oil giant Yukos faced being torn apart after bailiffs said they would sell off its main operating arm to settle a $3.4bn bill for back taxes.

Analysts said it was the worst-case scenario for the firm, which has been trying to agree a deal with the authorities over payment of the bill

Yukos forced to pay $3bn tax bill

A Moscow court has ruled that Russian oil giant Yukos will have to pay almost 100bn roubles ($3.4bn: £1.9bn) in back taxes to the Russian authorities

Tax police raid oil giant Yukos

Russian tax inspectors have raided the headquarters of oil giant Yukos, whose assets were frozen earlier this month as part of a tax fraud inquiry.

Officials entered the central Moscow building and seized papers which they said related to tax evasion cases.

Yukos has been charged with shirking payment of $3

Moscow court freezes Yukos assets

A Moscow court has frozen the assets of Russian oil giant Yukos as part of an ongoing prosecution of the firm on charges of evading $3bn in taxes.

Under the ruling the troubled firm is barred from “selling or mortgaging its assets, including shares”.

However, the group’s oil sales will remain unaffected