Russian tycoon’s arrest sparks fears of ‘second Yukos’

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MOSCOW: The arrest of a top billionaire sent shockwaves through Russia’s business and political circles on Wednesday and prompted fears of a state-orchestrated asset grab similar to the prosecution of ex-tycoon Mikhail Khodorkovsky. The Investigative Committee, which reports directly to President Vladimir Putin, announced late on Tuesday that Vladimir Yevtushenkov had been placed under house arrest and was being investigated for money laundering linked to an oil deal. The detention triggered comparisons to the prosecution of Khodorkovsky, once Russia’s richest man and head of the now-defunct Yukos oil firm, who spent a decade in jail in what his supporters say was revenge for challenging the Kremlin.

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