Sentences handed down to Khodorkovsky, Lebedev reduced to 11 years

The Moscow City Court presidium has reduced the sentences of ex-Yukos heads Mikhail Khodorkovsky and Platon Lebedev to 11 years, thus partly granting an appeal of the defense layers, an Interfax correspondent reported from the court hall.

Given the decision, Khodorkovsky and Lebedev will be released from prison in 2014.

Khodorkovsky and Lebedev were arrested in 2003. A court sentenced them on charges of fraud and tax evasion to nine years in prison in May 2005. Later the Moscow City Court reduced their sentences to eights years.

The second trial of former Yukos CEO Mikhail Khodorkovsky and his business associate Lebedev started when the first one was nearing completion. The second trial sentenced them to 14 years for oil embezzlement and money laundering in December 2010. Six months later the Moscow City Court cut the sentence to 13 years.

The prison time is counted from 2003, the day when Khodorkovsky and Lebedev were arrested under the first Yukos case. The convicts were to be relapsed on 2016.

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