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Rothschild, Bush Sr crony, lines up Yukos takeover scam

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emad Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-03-03 05:56 AM
Original message
Rothschild, Bush Sr crony, lines up Yukos takeover scam
Widely reported in the UK press this weekend, Poppy's scam partner from the 1980s Lord Nathaniel Charles Jacob Rothschild is preparing his great mastermind gambit to control troubled Russian oil giant Yukos, after its boss Mikhail Khodorkovsky was busted in Siberia by prosecutors last week and slung in the slammer on charges of fraud, money laundering, tax evasion, corruption, etc. This move made it easy for the Russian state to freeze large chunks of the company's assets making trading virtually impossible and causing widespread panic on the Moscow stock exchange.

From The Sunday Times:
<snip>

Rothschild is the new power behind Yukos


A SENIOR MEMBER of the Rothschild banking family has emerged as the key figure in the battle for control of Yukos, the Russian oil giant.
The Sunday Times can identify Lord (Jacob) Rothschild as the secret holder of the large stake in Yukos that was previously controlled by Mikhail Khodorkovsky, the oil company’s chairman. Khodorkovsky, reputed to be Russia’s richest man, was last week arrested by Russian prosecutors on charges of fraud and tax evasion. His imprisonment has triggered a trustee agreement he put in place with Rothschild a few months ago. Rothschild, 67, now controls the voting rights on a stake in Yukos worth almost £8 billion. This places him at the centre of a dispute with the Russian state. It is widely believed that the charges being brought against Khodorkovsky are a response to his political ambitions to succeed Vladimir Putin as Russia’s president. Russian prosecutors tried to freeze a 44% stake in Yukos on Thursday. Their move highlighted the previously unknown arrangement that allowed voting rights to be transferred to an unnamed foreigner — Rothschild — should Khodorkovsky be unable to “act as a beneficiary” of the shares. It is thought that Khodorkovksy, 40, took this precaution when he realised he was facing arrest. The shares are held via the Gibraltar-based Menatep Group.

Khodorkovksy has known Rothschild for years through their mutual love of the arts and their support for Russian development via the Open Russia Foundation. Rothschild is a multi-millionaire in his own right, with a fortune estimated at £400m. He has not been involved with NM Rothschild, the City investment bank, since walking out during a furious row 22 years ago. Rothschild went on to build his own investment empire through firms such as RIT Capital Partners, St James’s Place Capital and J Rothshild Assurance. It is thought that Khodorkovsky could remain in prison until at least the end of the year. He is accused of illegally obtaining $1 billion through fraud and tax evasion. If convicted, he could face 10 years in jail.
<snip>

That 'walkout' from NM Rothchilds 22 years ago followed massive family losses connected with assets held in Switzerland when Banco Ambrosiano folded and 'God's Banker' Roberto Calvi was found murdered in London. Rothschild is now preparing a spectacular 'comeback' with this Yukos scam and must think he hold an impressive hand of cards to be able to take on Putin's prosecutors in this particular version of financial strip poker.

<snip>:

The Yukos affair has provoked a crisis in Russia’s fledgling capitalist system. Russian shares fell heavily last week and the value of Yukos slumped by a third as foreign investors fled the market. Khodorkovsy broke an agreement that Putin’s government would not investigate the controversial circumstances in which the oligarchs made their money as long as they stayed out of politics. Instead, Khodorkovsky funded opposition parties.

<snip>
http://www.timesonline.co.uk/newspaper/0,,176-876718,00.html
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Nlighten1 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-03-03 07:17 AM
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1. Well, now we know why Poppy was in Russia meeting with Pooty Poot.
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ElsewheresDaughter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-03-03 07:30 AM
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2. Rothschild's are the masters bush's the slaves..what else is new?
Edited on Mon Nov-03-03 07:31 AM by ElsewheresDaughter
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