U.S. Founder of Major Private Equity Group Detained in Russia on Embezzlement Charges, Explained
Russia has detained the U.S. founder of Baring Vostok, the biggest private independent equity fund in the country, in Moscow on suspicion of embezzling $37.5 million. Michael Calvey, 51, and three other partners in the fund who have also been detained face up to 10 years if convicted. Two more suspects, both bank executives, have also…
Details