Financial Times FT.com

Russian oil tycoon missing as arrest is ordered

By Catherine Belton in Moscow

Published: August 29 2007 03:00 | Last updated: August 29 2007 03:00

A Moscow court sanctioned the arrest on Tuesday of Mikhail Gutseriyev, the beleaguered owner of the oil company Russneft, on charges of illegal business activity, in a case echoing the Kremlin’s onslaught against Yukos.

Mr Gutseriyev is thought to have fled the country. He was not present at the hearing and could not be reached for comment.

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