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First conviction in Yukos investigation

The first of the imprisoned major Yukos shareholders to face trial has been convicted of dodging ...

Vasiliy Shakhnovsky, 46, one of Yukos' key shareholders, is the first of the company's executives to be found guilty after the wide-ranging investigations into its financial affairs.

Shakhnovsky's business partners - Mikhail Khodorkovsky, the former head of Yukos and its largest shareholder, and Platon Lebedev, another big shareholder - remain in custody awaiting trial.

Russian prosecutors requested an 18-month open prison sentence but the judge said Shakhnovsky no longer posed a threat to society or worked at the company. The court did rule that he illegally claimed tax exemption pretending to be a consultant for a shell offshore company registered in the Isle of Man while drawing a salary at Yukos.

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