Contents tagged with Baring Vostok
Baring Vostok asks Putin to intervene in Calvey case
In an open letter published on its website, Baring Vostok has asked Russian President Vladimir Putin to personally take control of the embezzlement case against the fund’s founder, Michael Calvey, and other fund members.
“In order to ensure a comprehensive, independent and objective investigation of this criminal case, we hereby ask that you take personal control of the criminal case that has been initiated against M. J. Calvey, V. L. Abgaryan, I. N. Zyuzin, P. Delpal, M. S. Vladimirov and A. …
Prominent American investor detained in Moscow
On February 15, the founder of Baring Vostok private equity group, US citizen Michael Calvey was detained in Moscow. He was brought to the Basmanny District Court which extended the investor’s detention period by three days. The court is expected to decide on restrictive measures against Calvey on February 16.
According to the statement published on the website of the Moscow City Court, the case is being investigated under Article 159, part 4 of the Russian Criminal Court: fraud committed by …