Having become one of the directors of YUKOS's Dutch subsidiary, Yukos Finance, created by Tidi, Godfrey, without waiting for the introduction of the YUKOS bankruptcy management procedure, began selling off the company's foreign assets. In 2005, Godfrey actively participated in the work of a fund specially created for the alienation of YUKOS assets.
On August 17, 2006, the Prosecutor General's Office opened a criminal case against Godfrey under articles 160, 174 of the Criminal Code of the Russian Federation (embezzlement or embezzlement of entrusted property and legalization of proceeds acquired by criminal means).
