"Lying Cheating and Stealing is OK in Russia"
A law suit filed by former shareholders of former Russian oil giant Yukos is making its way through the European Union's court system.
Shareholders argue that the Russian Federation violated a major international energy pact - the Energy Charter Treaty (ECT) by
buying bankrupt forcefully bankrupting and acquiring Yukos and failing to compensate shareholders.
The former Yukos head, Mikhail Khodorkovsky was jailed for several reasons, including
fruad, embezzlement, money laundering, and supporting opposition to the former KGB agents in control of Russia.
Part of Russian claims also included allegations of Yukos performing tax fraud by using what appear to be legal tax shelters and Russia issuing massive new tax claims against Yukos. European courts outside of Russia have unanimously sided with Yukos or its shareholders and have classified Russian allegations being , "political and discriminatory character . . . underlined by the infringement of human rights and of the right to defense."
Russia has kept the ball rolling vs opposition by finding former Yukos associates guilty of murders , which has been widely criticized as being another show trial. There has been a laundry list of former Yukos figures targeted for prosecution by Russian prosecutors.
The Yukos situation was brought back to my attention by a short speech from former Yukos CFO, Bruce K. Misamore, who furnished the quote "Lying Cheating and Stealing is OK is Russia." In that Russia has had a long running history of average Russians lying for fear of taking a trip to Siberia or end up missing. Misamore also noted the Russian state taking over most of the media outlets in Russia and the massive placement of former KGB agents into government positions. The former KGB generals in charge of the top levels of government also control the media and have a loyal lieges working throughout the government including the judicial system.
According to Misamore, Deutsche Bank has been complicit in Russia strong arming Yukos, which is backed up by the fact that Deutsche assumed the debt of Yukos in exchange for Russia paying back Deutsche. Also fearless auditors at PricewaterhouseCoopers were persuaded by Russian officials to revoke their audits of Yukos and further legitimize Russian's claims on Yukos' tax fraud and take over.
Yukos shareholders sue Russia for $100 billion
Compensation ordered for Yukos top official
US-Russia Economic Relationship: Implications of the Yukos Affair
Former Russian Billionaire Files for Parole