Share Tweet Pocket Add to Bookmarks
You're reading: Khodorkovsky says he invested in company and didn’t have yachts or diamonds
Popular
on social media

"I put all my capital into production and into projects to develop oil fields and to build and renovate industrial facilities. I personally sponsored educational and charitable projects in this country. The company would have been developing Eastern Siberia and implementing innovative energy projects today. As for yachts, palaces and diamonds, I never had them. Neither I nor my family were interested in that," Khodorkovsky said in answer to letters from Radio Ekho Moskvy listeners.

Khodorkovsky said prison confinement is a test of strength for him. "We all commit sins in our lives. It’s better to redeem the sins here. Sins can only be redeemed by hard work. My hard work now is my test of strength. I am strong enough to bear this trial, or else I would have lost myself a long time ago. This is the higher justice," Khodorkovsky said.

Claims that Yukos was bought at an understated price in 1995 are a myth, he said. "The price of shares on the stock exchange in 1995 did not reflect the actual situation. In 1995 Yukos was valued at less than $200 million according to the market price. In actual fact, a price of $350 million for a 70% stake in a holding company that owned 38 subsidiaries and had a debt of $3 billion did not seem too high, especially before the elections with the Communists’ likely victory," he said.

Exclusive article

Sign up or subscribe to view more articles.
Try Kyiv Post for just 99¢ for the first month!
See All Plans
$5.95
Monthly plan
Get unlimited article access, anytime, anywhere.

Subscribe
$60
Yearly plan
Access all the exclusive content on KyivPost.com and the complete online archive.
Subscribe
Advertisement

Add comment

Sorry, you must be logged in to post a comment.
More in this section
Attention

Add a picture
Choose file
Add a quote
Attention

Are you sure you want to delete your comment?

Attention

Are you sure you want to delete all user's comments?

Attention

Are you sure you want to unapprove user's comment?

Attention

Are you sure you want to move to spam user's comment?

Attention

Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: