The Latest on U.S. Investor Calvey’s Detention in Russia on Fraud Charges
U.S. citizen Michael Calvey, the founder of major private equity fund Baring Vostok in Russia, was detained on Feb. 14 on suspicion of defrauding Vostochny bank shareholders. On Saturday, a Moscow court placed him under arrest on fraud charges until April 13. The arrest has sparked an outcry among Western businessmen, political officials and members…
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