Khodorkovsky may have assets worth $2.3 billion left

Mikhail Khodorkovsky, who spent 10 years in jail, was pardoned and freed last Friday. In 2004 he handed over his assets to his business partner Leonid Nevzlin. He could have assets worth $2.3 billion left.

In 2004 Khodorkovsky handed over more than 60% to Group Menatep, which owned 40% in YUKOS, reminded Bloomberg agency. Nevzlin, who was accused of masterminding the murder,currently lives in Israel.

YUKOS’s former managers manage the incomes from sale of YUKOS’s share in the Lithuanian oil refinery Mazeiku Nafta to Polish PKN Orlen for $1.5 billion and a share in Transpetrol to the Slovak government for $240 million. They have also won the cases against Rosneft in UK and US to return over $600 million worth credits allotted to YUKOS’s divisions before Rosneft bought them at the auctions, reported Bloomberg.

Khodorkovsky’s fortune before his arrest was evaluated at about $14-15 billion.

* On December 19, 2013 Russian President Vladimir Putin ardoned ex-President of YUKOS oil company Khodorkovsky. He was arrested on October 25, 2003 and later the Moscow court sentenced him to 11 years in prison. During his years in jail Khodorkovsky denied his guilt and was considered a political prisoner of Russia , because after his arrest the government announced YUKOS private company a bankrupt and management of all its assets was transferred to the state-run company Rosneft.—0--


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