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Yukos Founder Passes His Share

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Mikhail Khodorkovsky, founder of Yukos who has been jailed, has gotten rid of his holdings in the company.

“We do not expect the transfer of shares from Khodorkovsky (whose political agenda may have been the key reason for his arrest and the attacks on Yukos) to lead to any major changes in the Yukos case,” said the United Financial Group.

According to an article from Turkish Press,

“Khodorkovsky said in a statement that he had transferred his stake in a holding company that controls most of Yukos to his second in command, Leonid Nevzlin, who is hiding from prosecution in Israel.”

“That’s it. Period,” Khodorkovsky said in his statement.

“As before, I see my future in trying to build a civil society in Russia,” he added.

Khodorkovsky’s said his decision came after the government on December 19 took control of Yukos’s main production unit Yuganskneftegas in a controversial auction that saw it sold for about half the value estimated by independent experts. “

Yukos has fired half of its headquarters staff.

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Yukos Founder Passes His Share
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