Jailed Russian tycoon Mikhail Khodorkovsky told a Siberian court at the start of his parole hearing Thursday that he does not plan to return to the oil industry, where he made his fortune.

Khodorkovsky — who headed the Yukos oil company and was once Russia’s richest man — has spent almost five years in jail. He was sentenced in 2005 to an eight-year term for tax evasion and fraud and has been eligible for parole for the past 10 months.