Ural-Invest controlled by former Bashneft CEO Ural Rakhimov is specified as a defendant in the action. The government of the Bashkortostan region controlled Bashneft until 2003. Afterwards companies affiliated with Ural Rakhimov, son of the former head of Bashkortostan Murtaza Rakhimov, acquired a major stake in Bashneft. The company was privatized in 2009 when Russian oil-to-telecoms conglomerate AFK Sistema acquired control of it. A court in Moscow ruled that privatization of Bashneft was effected in violation of law. The Prosecutor General’s Office brought an action to return 71.6 percent stake in Bashneft back to the government. On October 30, 2014 the Moscow Arbitration court satisfied the claim of the Prosecutor General’s Office. Rakhimov and billionaire Vladimir Yevtushenkov were implicated in the sale of Bashneft stock in 2009. Rakhimov was charged in absentia with embezzlement and money laundering, put on the international wanted list. Yevtushenkov, the Sistema board chairman, was placed under house arrest as well. On December 17, Yevtushenkov was released after he pledged to appear before a court if he is summoned.
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