World
Khodorkovsky leaves Germany for Switzerland to take sons to school
Publish Date: Jan 06, 2014
Khodorkovsky leaves Germany for Switzerland to take sons to school
Former Russian oil tycoon Mikhail Khodorkovsky
  • mail
  • img
newvision

GENEVA - Former Russian oil tycoon Mikhail Khodorkovsky arrived in Switzerland on Sunday, having spent two weeks in Germany since his release from a Russian prison, but gave no clue about his future plans.

"He is, as previously stated, delighted that Switzerland is the second country in which he can breathe the air of freedom," said a statement posted on Khodorkovsky's website.

"The purpose of his visit is a family matter, as he and his wife are accompanying their two sons back to school in Switzerland," the statement said, adding that he had not yet made any plans about permanent residency in Switzerland or anywhere else.

Khodorkovsky arrived by train in Basel from Berlin, but a spokesman declined to specify his final destination in Switzerland.

Once Russia's richest man, Khodorkovsky was jailed in 2003 for fraud and tax evasion. He was seen by many as a political prisoner, the highest-profile victim of President Vladimir Putin's campaign to rein in the "oligarchs" who had made fortunes snapping up assets in the chaotic years of Boris Yeltsin's rule following the collapse of Soviet communism.

After his arrest, tax police filed huge back-tax claims against his oil firm, Yukos, which had a market value of $40 billion at its peak.

The Moscow-based firm, unable to pay, eventually filed for bankruptcy and its production assets, which included some of the best oilfields in Russia, were sold off at state-run auctions.

It is not clear what assets Khodorkovsky still retains, nor if he has any money in Switzerland, which initially cooperated with Russia's claims against Yukos by searching firms and houses, seizing documents and freezing assets.

But in June 2004 a subsidiary of Khodorkovsky's holding company Menatep, which had an office in Geneva, won a court appeal to release $1.6 billion of Yukos funds from Swiss bank accounts.

In August 2007, Swiss judicial authorities said they had lifted a freeze on all funds related to the by-then bankrupt Yukos, worth some 200-300 million Swiss francs ($220-330 million). ($1 = 0.9042 Swiss francs)
 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Burundi protesters defy police crackdown
Thousands of anti-government protesters in Burundi marched on the streets of the capital Bujumbura Friday, defying one of the heaviest pushes by police to end weeks of demonstrations....
Intense South Sudan battles creating
South Sudanese government tanks backed by helicopter gunships have pushed back rebels from a key oil town, state television showed on Friday, as the UN condemned an "entirely man-made catastrophe."...
Chinese political enemy given funeral 50 years later
A funeral has finally been held for one of the Chinese Communist party's early high-profile political targets nearly 50 years after he disappeared....
Judge charges children in Mexico boy
A judge in northern Mexico charged five children with homicide on Thursday over the torture and gruesome killing of a six-year-old....
Ethiopia goes to the polls on Sunday
Africa''s second-most populous country holds general elections Sunday, the first since the death of Meles Zenawi....
Police chief uses chair to fight off robbers
Fiji''s recently appointed police chief fights off a gang of robbers at a Suva restaurant with just a folding chair....
Should politicians be banned from addressing religious gatherings?
Yes
No
Can't Say
follow us
subscribe to our news letter