Khodorkovsky verdict reading 'close to end'

A Moscow court resumed the laborious reading of the verdict in the trial of oil tycoon Mikhail Khodorkovsky today, amid high …

A Moscow court resumed the laborious reading of the verdict in the trial of oil tycoon Mikhail Khodorkovsky today, amid high expectations the process could conclude by the end of the day.

After 10 days of judges reading aloud the court's summary of evidence and testimony, defence lawyers said it was virtually certain he would be found guilty on charges of fraud, embezzlement and tax evasion and that the main question was whether he would receive the maximum 10-year sentence being sought by prosecutors.

Khodorkovsky supporters say he is being targeted as punishment for funding opposition parties. Anticipation that the end of the process was in sight rose on Friday after the court completed its summation of the evidence and testimony on all but one of the charges.

The remaining charge, that Khodorkovsky and business partner Platon Lebedev rigged a privatisation auction of a fertiliser component company, was the centrepiece of the case but could be dealt with quickly today because officials have said the statute of limitations connected with the 1994 auction has expired. Khodorkovsky, once the CEO of the Yukos oil company and with a fortune estimated as high as £8.3 billion, has been in jail since his October 2003 arrest when special forces stormed his private plane as it sat on the tarmac at a Siberian airport. Lebedev had been arrested three months earlier.

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Also on trial is Andrei Krainov, a former director of the company that acquired the shares in the fertiliser component maker. He faces only some of the same charges as Khodorkovsky and Lebedev and, unlike them, has not been in custody. Khodorkovsky's lawyers are expected appeal a guilty verdict and sentence in the 10-day period allotted under Russian law.

Any appeal, which would likely last months, would be heard in the Moscow City Court and would see Khodorkovsky's custody in Moscow extended. Even if Khodorkovsky is given a suspended sentence, prosecutors have promised to bring new charges against him and Lebedev for alleged money laundering, which would see his detention extended for the duration of a new trial.

AP