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Russian Stock Market Jumps On News Of Khodorkovsky Pardon By Putin

Tyler Durden's picture





 

Russia's MICEX jumped almost 1% this morning on news that Vladimir Putin had asked for clemency in the jailing of vocal Kremlin critic, Yukos founder Mikhail Khodorkovsky. Khodorkovsky has been jailed since 2003 on a variety of tax-evasion, fraid and embezzlement charges though being among the nation's wealthiest men, the jailing was seen as politically-motivated (because of his political ambitions). The WSJ reports that Putin said this morning, "He asked for a pardon for humanitarian reasons, his mother is sick, and I believe that we can make a decision and will soon sign a decree to pardon him." The twist in this tale is that Khodorkovsky's people deny the pardon request, since Putin's spin would be the pardon request implies an admission of guilt...

 

 

Via WSJ,

...

 

"Mikhail Khodorkovsky…recently wrote to me and asked me for a pardon. He has already been deprived of his liberty for more than 10 years. It is a severe punishment," Mr. Putin said. "He asked for a pardon for humanitarian reasons, his mother is sick, and I believe that we can make a decision and will soon sign a decree to pardon him."

 

...

 

Mr. Khodorkovsky—a vocal Kremlin critic—and his business partner Platon Lebedev have been jailed since 2003 on a variety of tax-evasion, fraud and embezzlement charges.

 

Once among Russia's wealthiest people, the two men were imprisoned in a proceeding viewed by many as politically motivated because of Mr. Khodorkovsky's political ambitions. As the original sentences for fraud and tax evasion wound down, a second trial for embezzlement and money-laundering was held in 2010 that initially resulted in their prison terms being extended until late 2016.

 

...

However, the plot thickens

Until the legal team can meet with Mikhail Khodorkovsky, all previously given statements by his lawyers regarding him asking for a pardon should be considered invalid.

Of course, the reason being that any pardon request by Khodorkovsky would imply an admission of guilt...

 


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Thu, 12/19/2013 - 10:32 | Link to Comment TheLoveArtist
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I wouldn't worry about him I am sure he has hundreds of millions stashed in Israel.

Thu, 12/19/2013 - 10:54 | Link to Comment Chief Kessler
Chief Kessler's picture

Poor guy 10 years in the Russian slam, he's probably queerer than Ted Nugents Butt-ler by now.

Thu, 12/19/2013 - 11:09 | Link to Comment fightthepower
fightthepower's picture

Rothchilds must have given Putin his orders, they wanted their boy out of jail to stir up trouble. 

Thu, 12/19/2013 - 13:26 | Link to Comment tony wilson
tony wilson's picture

poor guy A

you say....

fucker is a soros rothschild stooge.

BAD NEWS

very bad news.

Thu, 12/19/2013 - 10:32 | Link to Comment TheLoveArtist
TheLoveArtist's picture

They released him so he could compete in the Winter Olympics, he had lots of time to Train in SIBERIA, LOL

Thu, 12/19/2013 - 11:23 | Link to Comment aVileRat
aVileRat's picture

Released him, along with Pussy Riot to prevent Germany & US from holding it over Valad's head in Sochi. Last thing he wants is another Russian olympics boycott.

Live to fight another day and all.

 

Fri, 12/20/2013 - 01:48 | Link to Comment PacOps
PacOps's picture

You must be psychic or have a mole in the Kremlin ;-)

 

 This morning's key headlines from GenerationalDynamics.com

  • Russia to free Pussy Riot, Greenpeace activists and Khodorkovsky
  • Putin announces that Mikhail Khodorkovsky will be freed
  • Obamacare goes into total panicked chaos
Russia to free Pussy Riot, Greenpeace activists and Khodorkovsky
Thu, 12/19/2013 - 10:35 | Link to Comment TheLoveArtist
TheLoveArtist's picture

Is Pollard next to be relased by Obama?

Thu, 12/19/2013 - 10:46 | Link to Comment Arius
Arius's picture

why is this such a big deal i do not really understand ... the bureacracy lives in its own created world ....

Thu, 12/19/2013 - 10:35 | Link to Comment Magnum
Magnum's picture

10 years in jail for wealthy banker elite in Russia is a model to follow.  Maybe that will catch on in USA someday soon.

Thu, 12/19/2013 - 10:35 | Link to Comment TheLoveArtist
TheLoveArtist's picture

How many thousands of Dreidels did he make in the prison woodworking shop?

Thu, 12/19/2013 - 11:33 | Link to Comment mess nonster
mess nonster's picture

According to wikipedia, he isn't technically Jewish. His father was a Jew, and his mother was a Christian.

Khordokovsky was adept at working the Communist Party network to get ahead. He was a leader in the Komsomol, and used his CP connections to get lucrative private contracts during the breakup of the Soviet Union.

His release is not scheduled until 2017. If Putin is letting him out early, then this is either a strategic move on Putin's part, or he is caving to certain pressures. I can only hope Putin's moves are strategic. If, on the other hand the release is due to pressure, then my guess is Pollard will walk soon...hopefully into a hail of bullets.

How come Iceland and Russia can jail corrupt banker scum, but we can't? Is it just not cold enough here to follow a moral compass?

 

Thu, 12/19/2013 - 13:01 | Link to Comment caconhma
caconhma's picture

He is a thug and a thief. Putin is just another Saddam and his clock is ticking...

Thu, 12/19/2013 - 15:02 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Putin is a thug, a thief, well, I do not know.  Why would I write that Putin is a thug?  I read the book (by Russian journalist Masha Gessen), which has more credibility than Putin worshippers here (NOT that I am saying that Obama is any better...):

http://www.amazon.com/The-Man-Without-Face-Unlikely/dp/1594486514

EDIT:

It is undeniable that Putin has brought Russia back to near-greatness while humiliating Obama and Western Europe in the process.  But, some of Russia's grave weaknesses remain.

Thu, 12/19/2013 - 15:11 | Link to Comment TheLoveArtist
TheLoveArtist's picture

Rahahah you must be Asian and not know about the Twibe

Born was born into an Ashkenazi Jewish family in Moscow. In 1981 Gessen moved with her family to the United States.[1]. She returned in 1991 to Moscow.[1] She holds both Russian and US citizenship.

That is your one source you are going to quote that Putin is a thug, a member of the same TWIBE as Michael LOL

I bet you she has an Israeli citizenship also, worst than a dual citizen like in govt, but a tri-citizen lol.

Go back to writing about the noodle soups.

Thu, 12/19/2013 - 10:39 | Link to Comment Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Were any of the skeez's who stole ex-Soviet state assets ethnic Russians?  Even one?  What's up with that?

Thu, 12/19/2013 - 14:59 | Link to Comment Rafferty
Rafferty's picture

Depending who you want to imclude as the looters, but as I understand it there were 11 thieving ologarchs and only 2 were Russian. Our chappy here had a Russian mother so maybe you could say 2.5 were Russian.

Thu, 12/19/2013 - 15:16 | Link to Comment TheLoveArtist
TheLoveArtist's picture

Well Hitler wouldn't trust them untill they were less than 1/16 Jewish LOL.  So let's leave it at 2 were Russian LOL

Thu, 12/19/2013 - 10:41 | Link to Comment Dr. Engali
Dr. Engali's picture

I'm surprised he hasn't received a lethal dose of radiation by now. At the very least you would think he would have committed suicide by shanking himself in the back a few dozen times.

Thu, 12/19/2013 - 10:41 | Link to Comment NoDebt
NoDebt's picture

How do you think his mom fell ill?

Thu, 12/19/2013 - 11:01 | Link to Comment ManWithaPlan
ManWithaPlan's picture

Old age?

Thu, 12/19/2013 - 10:53 | Link to Comment TheLoveArtist
TheLoveArtist's picture

So were the prison officials, they had him in a shack right in the middle of their former nucler test site.  Bankers and Oligarchs are like roaches, really hard to kill off.

Thu, 12/19/2013 - 10:41 | Link to Comment NoDebt
NoDebt's picture

I don't get it.  Was he convicted of those charges or just thrown in jail without ever charging him?  If he was convicted, who cares if he admits guilt or not?  He's already been found guilty and that's that.

I'm guessing "It's a Russian thing.  You wouldn't understand."

Thu, 12/19/2013 - 11:47 | Link to Comment StandardDeviant
StandardDeviant's picture

Oh, he was convicted all right, in what sounds like a completely fair and impartial proceeding.

Thu, 12/19/2013 - 12:25 | Link to Comment TheLoveArtist
TheLoveArtist's picture

Do you think the TRIBE Oligarchs got their Russian Assets in a completely fair and impartial WAY ?????  A fair trial by Tribe rules means you never go to court like the tribe members on Wallstreet unless of course you break the golden rule and steal from other tribe members like Bernie (they taught him a lesson, even hanged his first born son)

Thu, 12/19/2013 - 12:33 | Link to Comment NoDebt
NoDebt's picture

What the hell does "fair" have to do with it?  I just asked if he had a trial.  Apparently he did, so that's it.  He's already been FOUND guilty, whether he admits it or not.

Thu, 12/19/2013 - 14:59 | Link to Comment Rafferty
Rafferty's picture

Not one of the oligarchs - not a single one - got their money honestly.  All are 1st degree criminals.

Thu, 12/19/2013 - 10:39 | Link to Comment falak pema
falak pema's picture

"I can now pardon the man I robbed of his fortune. One OLigarch can show magnanimity to another who robbed Russia under Elstine and has paid back over 10 years his debt to new Oligarch."

All his shares in that oil combine have been stripped from his naked body after a cavity search like for that female indian diplomat. Admittedly it was more fun tickling her shorts hairs than those of an Oligarch.

Caveat Emptor (let the buyer beware) Czar's nights behind bars and FSB caviar czar nights at the Kremlin bar.

Thu, 12/19/2013 - 10:45 | Link to Comment TheLoveArtist
TheLoveArtist's picture

Hey gotta give credit to Putin, at least he took the money and made Russia GREAT again, if the tribe would of kept their hands on the stolen Russian assets, Russia would of been like Moldova while the tribe would of been buying up every megayacht, sports club, and mansion in the UK ala Abramovich.

Thu, 12/19/2013 - 11:26 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

Payback for what the Oligarchs did to them in 1917.

Putin's the right leader at the right time in history.

Thu, 12/19/2013 - 15:04 | Link to Comment Rafferty
Rafferty's picture

What??  Almost all of them got away and fled with their ill-gotten gains.  Must also include Larry Summers and his gang who swiped a sizeable portion of the loot.

Thu, 12/19/2013 - 10:41 | Link to Comment Billy Sol Estes
Billy Sol Estes's picture

This is teh ruble

Thu, 12/19/2013 - 11:01 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

Of course, the reason being that any pardon request by Khodorkovsky would imply an admission of guilt...

But only if you are the editors of CNN and Haaretz.

Nevertheless a profound deal was made for Khodorvovsky's release on the heels of the Ukraine decision

Putin is pardoning him only because he knows he has the full support where he needs it and is fully in the drivers seat now

Thu, 12/19/2013 - 11:05 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

Of course, the reason being that any pardon request by Khodorkovsky would imply an admission of guilt...

But only if you are the editors of CNN and Haaretz.

Nevertheless a profound deal was made for Khodorvovsky's release on the heels of the Ukraine decision

Putin is pardoning him only because he knows he has the full support where he needs it and is fully in the drivers seat now

Thu, 12/19/2013 - 11:07 | Link to Comment firstdivision
firstdivision's picture

Free Jon Corzine!!!!!!!!!!!!!!!!!!!!!!

Thu, 12/19/2013 - 13:34 | Link to Comment Freddie
Freddie's picture

Corzine already did his time - 4 years in NJ (as governor) is almost like being in jail.

Seriously: He needs to be hanging from a lamp post is Asbury Park or Camden.

Thu, 12/19/2013 - 15:18 | Link to Comment TheLoveArtist
TheLoveArtist's picture

LOL Freddie you are right those years in NJ are time served.

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