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Politics : Israel to U.S. : Now Deal with Syria and Iran -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (5387)	7/3/2004 10:29:11 PM
From: Ed Huang	Respond to of 22250

Shall we preempt strike Russia next? ------------------------------------- Police Raid Russian Oil Giant's Offices 2 hours, 23 minutes ago Add Business - AP to My Yahoo! By JIM HEINTZ, Associated Press Writer MOSCOW - Scores of plainclothes police searched for several hours Saturday through the headquarters of the Russian oil giant Yukos, beleaguered by a $3.4 billion back taxes claim. The Interfax news agency reported that the search ended after the officers removed several boxes of documents. But company spokesman Hugo Erikssen said it was not clear what was taken away and could not confirm earlier reports that police had intended to take computer servers. No Yukos officials were in the building during the raid. "Why they had to come on a weekend ... that's a question we'd like to know," the spokesman said. The move came a day after a Moscow court refused to unfreeze the company's assets, making it impossible for the company to sell property in order to pay the back taxes bill and avoid insolvency. Prosecutors said, however, that Saturday's actions were connected to a criminal fraud and tax evasion case "against structures controlled by Yukos," Russian news agencies said. The reports said the matter was separate from the fraud and tax evasion cases pending against Yukos ex-CEO Mikhail Khodorkovsky and a close associate, Platon Lebedev. The Prosecutor-General's office refused to elaborate, but the statement appeared to refer to allegations of tax-dodging by Samaraneftegaz, Yukos' third-largest operating unit. Yukos also likely faces claims beyond the $3.4 billion that a court upheld this week. News reports said the Tax Service is seeking another $3 billion for 2001 back taxes. Yukos has said it faces bankruptcy if it cannot sell assets to pay the tax bill and stagger the payments. With pressure intensifying, the future of Russia's biggest oil producer and its more than 100,000 employees was increasingly uncertain. Its ruin could tarnish Russia's image abroad and slow growth in the oil sector — the country's main cash earner and an industry that bolsters President Vladimir Putin (news - web sites)'s international clout. Some analysts have suggested the only way for the company to survive would be for Khodorkovsky and his partners to relinquish control. They hold control through involvement with the Menatep holding company, which is Yukos' largest shareholder, and through personally owned shares. For the past year, Khodorkovsky has been the focus of a complex probe that many analysts see as a Kremlin-driven effort to punish him for funding opposition parties and to stifle his purported political ambitions. He has been in jail since his dramatic arrest by gun-wielding special forces at a Siberian airport in October. The probe first gained wide public attention with Lebedev's arrest on July 2, 2004, while he was hospitalized. "Maybe this (raid) was a kind of celebration" of the arrest anniversary, the spokesman Erikssen said. news.yahoo.com