Moscow City Court rejects YUKOS appeal

The Moscow City Court considered legal the freezing of bank accounts in four Swiss banks of former YUKOS head Mikhail Khodorkovsky and the other suspects in the so-called YUKOS case, namely Platon Lebedev, Leonid Nevzlin and Vladimir Dubov. As such, the court dismissed the appeal of YUKOS lawyers.

The funds totaling about $5bn were frozen in Banque Indosuez (Geneva), Dresdner Bank (Switzerland) SA (Geneva), CBG Compagnic Bancaire Geneve (Geneva) and UBS AG (Zurich). The consideration of the freezing of the bank accounts in the fifth bank, Credit Agricole Indosuez (Suisse) SA (Geneva) was postponed until June 9, 2004.

The defense is going to appeal to a higher court, lawyer Genrikh Padva declared.


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