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 Mikhail Khodorkovksy

Mikhail Borisovich Khodorkovsky

(b. 26 June 1963) is a Russian businessman. As of 2004, Khodorkovsky is the wealthiest man in Russia, and the 16th wealthiest man in the world, due primarily to his holding in the Russian petroleum company, Yukos. He is considered one of Russia's most powerful oligarchs.



On October 25, 2003, Khodorkovsky was arrested at gunpoint on a Siberian airport runway by the Russian prosecutor general's office, on charges of tax evasion. Shortly thereafter, on October 31, the government further took the unprecedented step of freezing shares of Yukos. The action against Khodorkovsky and Yukos appears to be a dramatic move on the part of the Kremlin to wrestle power back from the oligarchs, who made huge fortunes from the 1990s privatizations and now control an estimated 60% of the Russian economy. It may also show emergence of new business groups aimed at re-distributing Russian property again, this time strictly following the law and using law-enforcement agencies as a tool.

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Mikhail Borisovich Khodorkovsky

(b. 26 June 1963) is a Russian businessman. As of 2004, Khodorkovsky is the wealthiest man in Russia, and the 16th wealthiest man in the world, due primarily to his holding in the Russian petroleum company, Yukos. He is considered one of Russia's most powerful oligarchs.

On October 25, 2003, Khodorkovsky was arrested at gunpoint on a Siberian airport runway by the Russian prosecutor general's office, on charges of tax evasion. Shortly thereafter, on October 31, the government further took the unprecedented step of freezing shares of Yukos. The action against Khodorkovsky and Yukos appears to be a dramatic move on the part of the Kremlin to wrestle power back from the oligarchs, who made huge fortunes from the 1990s privatizations and now control an estimated 60% of the Russian economy. It may also show emergence of new business groups aimed at re-distributing Russian property again, this time strictly following the law and using law-enforcement agencies as a tool.

...

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