How Khodorkovsky became the richest man in Russia? Historical news Footage featuring Khodorkovsky buying Yukos and becomes a richest man. At the time, Yukos is the third largest oil company in Russia. News footage video of 1992 featuring a sole-bidder Mikhail Khodorkovsky buying Yukos for £173 miliion. At the time he was a member of parliament in the Russian duma. Besides 32-year-old Khodorkovsky helped to draft the “loans for shares” legislation in a new Russian State. He owned Menatep bank which supervised the auction.
Historical stock footage video featuring Yukos sale to a sole-bidder 32 years old Mikhail Khodorkovsky. The 3d largest oil company sold for a fraction of its real value!
The former chairman of the board of the Yukos oil company, Mikhail Khodorkovsky, was detained by law enforcement agencies on October 25, 2003. On the same day, the information and public relations department of the Prosecutor General’s Office announced that Khodorkovsky had been charged under several articles of the Criminal Code of the Russian Federation.
Jailed Tycoon Mikhail Khodorkovsky in Moscow Court news video footage
Khodorkovsky buying Yukos and becomes richest man
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In December 1991, President Gorbachev declared his resignation. This was the end of Soviet Union. Boris Yeltsin was elected a president of Russia. A group of economic reformers from his pool began a course of shock therapy. They started to dismantle the centralised Soviet economy. In January 1992 the governenment re;eased the prices of all goods and services. Six months later Yeltsin passed the law for immediate privatisation of 80% of state enterprises, from shoes factories to oil refineries.
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