Yukos auctions face criticism

The latest round of auctions for the assets of former Russian oil giant Yukos, won by Italian companies Eni and Enel, has been labelled a sham by a former Yukos lawyer.

Robert Amsterdam, lawyer for Yukos' former head Mikhail Khodorkovsky, says the auctions are not open and free but rather organised sales at knock-down prices with predetermined winners.

Yukos, once Russia's second largest oil company, is going under the hammer in a series of bankruptcy auctions aimed to pay back some of the $26

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