Anyone Want to Bet No One gets Their Share of $50,000,000,000?
Shareholders of Yukos Oil Win $50 Billion Lawsuit Against Putin’s Russia
Former Yukos CEO Mikhail Khodorkovsky, left, and his co-defendant Platon Lebedev, right, stand behind a glass wall at a court in Moscow, Russia, Monday, Nov. 1, 2010. Khodorkovsky, 47, was Russia’s richest man when he was arrested in 2003 on charges of tax evasion by his now-defunct oil company, Yukos. His eight-year sentence were widely seen as punishment for challenges to then-President Vladimir Putin that included funding opposition parties. Khodorkovsky is a year from release but is being tried on a second raft of fraud and embezzlement charges that could keep him behind bars until 2017. ((AP PHOTO/MISHA JAPARIDZE))
The ruling, from the Permanent Court of Arbitration in The Hague, reads, “Yukos was the object of a series of politically motivated attacks by the Russian authorities that eventually led to its destruction,” Putin’s thugs redistributed Yukos property to the sate owned oiol com0pany and 20% to BP. In 2003, Russian officials arrested Khodorkovsky and began selling off his assets, including Yukos Oil. Khodorkovsky spent ten years in prison before Putin pardoned him last year. He sols off his interest n Yukos in 2006, so the former billionaire is now a real loser. Tim Osborne, director of GML, the holding company founded by Khodorkovsky. said “We are thrilled with this decision, although we know it is not the end of the road,” said
