international magazine
03 / 2008

Woe upon woe
TNK-BP attracts heightened interest from Russian uniformed structures

March 2008 saw Russian-British TNK-BP at the centre of several scandals all boiling up at the same time. Documents were sequestered from the company's offices. A TNK-BP employee was accused of industrial espionage. Nearly 150 foreign employees were recalled from the company over friction with the Federal Migration Service. And finally, the public learnt of a criminal case on tax evasion at Sidanco (the assets of this company which underwent bankruptcy last year are now owned by TNK-BP). This avalanche of bad karma that poured down on the company could signal that state raw material companies are interested in its business or in part of its assets.