Wall Street Journal: The Khodorkovsky Affair
The Wall Street Journal examines the arrest of Khodorkovsky, noting that “when you buy state assets in such dubious backroom deals your rights will never be truly secure”. (subscription needed)
It was reported in the international press that Khodorkovsky and his partners bought a 75% stake in Yukos for $309m between 1995 and 1997. Two months after the deal was finalised Yukos was trading on the Russian stock exchange at a market capitalization of $6bn.