(Reuters) - Russia moved to wrest control of an oil company from oligarch Vladimir Yevtushenkov on Friday, seizing his conglomerate Sistema's shares in the firm and deepening investors' fears the Kremlin wants to reclaim prized state assets.
A Moscow court ordered the seizure of Sistema's stake in Bashneft a day after a judge refused to release Yevtushenkov, who is under house arrest on suspicion of money laundering during the oil firm's acquisition.
Shares in both companies tumbled, with Sistema's stock now down by more than 50 percent since Yevtushenkov was placed under house arrest on Sept. 16.
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