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Inside the Yukos Endgame
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As in so many murder mysteries, the killing of the Russian oil giant Yukos which began last fall with the arrest of its CEO, Mikhail Khodorkovsky, and could climax at any time with the firm's bankruptcy or forced sale of assets is being committed in public but was plotted in private. The hammer blows that are bringing down the firm have been delivered in plain sight: Khodorkovsky's ongoing trial for alleged fraud, tax evasion and embezzlement; the Russian government's demand for up to $6.8 billion in alleged unpaid corporate taxes; its simultaneous freezing of company assets, which makes that...