While Mikhail Khodorkovsky languishes in a Moscow jail, the core of his vast fortune is also locked up. Long before he was arrested, Khodorkovsky and some of his business associates created an elaborate series of offshore holding companies designed to keep their Yukos stock holdings safe. Khodorkovsky may well have anticipated his current legal predicament, but can his complex corporate structure keep Yukos out of the Kremlin's clutches?
The trail starts in Gibraltar, where P.O. Box 246, Suite E, Regal House, Queensway, is the official address of Group Menatep Ltd. Group Menatep owns 100% of Yukos Universal Ltd.,...