On this day, the government created the Oil Company Yukos

On this day, the government created the Oil Company Yukos

“The firm “Laguna” paid for the shares with monetary means of clients and investees of the bank “Menatep”. Actually, Khodorkovsky stole the shares. The website Prigovor.ru reminds its reads of what happened on April 15, 1993, and 2003.

On this day 29 years ago, on April 15, 1993, the Russian government with the help of a considerable envelope of documents signed by the prime-minister of the country Viktor Chernomyrdin, founded the open joint stock company by the name of Yukos.

The founder of Yukos is the Council of Ministers, the government of the Russian Federation. “Sergey Muravlenko was appointed president of the Board of Directors and concurrently president of the company”, is pointed out in the founders’ documents. The abbreviation “Yukos” was compiled from the names of the state companies that initially became part of it – “Yuganskneftegaz”, “KuibyshevnefteOrgSintez”. So came into the world one of the biggest and most scandalous oil companies in the history of the New Russia. Its mythic creator, Mikhail Khodorkovsky, emerged on the horizon a bit later, in December 1995, when, after the dubious privatization acts, the main shareholder of Yukos became the group “Menatep”, that “won” the loans-for-shares auction.


In March 2016, the Investigative Committee of Russia gave the following description of the murky scheme of the acquiring of the Oil Company Yukos.

“According to the investigation, the privatization of Yukos was carries out with violations of the competition law and the antimonopoly law. Then, for the participation in the auction sales, Khodorkovsky’s team presented, in fact, the belonging to him CJSC “Laguna”, and the CJSC “Reagent”, pretending that these entities were self-consistent legal persons. The firm “Laguna” won the auction sales, but the payment for the shares was carries out at the expense of the incorporated bank “Menatep”, and the main source of these means were clients’ and investees’ money. The company “Laguna” didn’t have monetary means of its own.

Moreover, the money paid for the shares was not brought back to the bank “Menatep”, and in several years it was driven to bankruptcy. Thus, Khodorkovsky received the shares for free, at the expense of others, which means that they, actually, had been stolen. Thereat, Khodorkovsky, having acquired the shares of Yukos, at undervalued price, fraudulently promised to make for the development of the company his own investments to the amount of 350 millions of U.S. dollars, which, in fact, were not carried out.

(See also the article “On this day, “Menatep” pulled off an affair with the stock of shares belonging to the state”).


The gang headed by Khodorkovsky understood well that it had pulled off a large-scale affair, that is why it had been hiding for years from its own shareholders the structure of the company ownership, trying to double back in every possible way. “The shares of the Oil Company Yukos had changed hands many times in the period from 1995 to 2000.

(See also the article “The shareholder carousel of Yukos”).

In reality, these shares belonged, in fact, to Mr. Khodorkovsky, Mr. Nevzlin, Mr. Brudno, Mr. Dubov and other leading persons of the bank “Menatep” and the CJSC “Rosprom”, and were under their control. “All deals made by my subordinates in the joint-venture “RTT” were destined to hide the real ownership and control, as well as to help to avoid taxes”, said Gitas Povilo Anilionis, before the eyes of whom the “main shareholders” had been pulling off their offshore “shell games”.


And 19 years ago, on April 15, 2003, Yukos officially and in grand style commemorated its own 10th anniversary, placing everywhere in the country with highly promising advertising billboard with a slogan “We are 10 years old”. In the town Nefteyugansk, the juridical capital of the oil company, where in 1998, at the order of Yukos, had been killed the mayor Vladimir Petukhov, a solemn meeting was prepared with the managing director of the JSC “Yugansknefgegaz” Taguirzyan Guilmanov at its head. Apart from that, a theater festival was staged, a performance of the “Club of the Funny and Inventive” (KVN), sports competitions, a poetry and painting contest, as well as photo exhibitions devoted to the 10th anniversary of the company.

(See also the article “Guilmanov formalized trading of marketable oil as crude oil”. Tax evasion to the amount of 3 billion 607 million 118 thousand 338 rubles and 33 kopeks).

Numerous heads of the enterprises within Yukos perimeter, celebrating the 10th anniversary in spring of 2003, could not even figure out into what kind of affair they had been dragged into by the swindler and tax criminal Mikhail Khodorkovsky who, actually, had not created Yukos, but the myth that he had created it”, notes the website Prigovor.ru.

(See also the previous article “On this day, a new series of murders and attempted murders was brought against Pichugin”. “Alexey Pichugin, having entered into a criminal conspiracy with Leonid Nevzlin, organized the murders of Valentina Korneyeva, and also organized an attempted murder of Yevgeny Rybin”. The website Prigovor.ru reminds its readers of what happened on April 14, 2005).

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