Russian tycoon arrested

The arrest of a Russian telecoms and oil tycoon has sent shockwaves through the country’s business community, with some fearing a return to the dark days of a decade ago, when the Kremlin asserted its power by imprisoning the country’s then-richest man and expropriating his companies.

The criminal case against Vladimir Yevtushenkov, 65, marks the first attack on a billionaire businessman since the arrest in 2003 of Mikhail Khodorkovsky, the former head of Yukos, which was the country’s largest oil company at the time.