February 10, 2020 / 4:10 PM / in 18 days

Moscow court unfreezes shares in Baring Vostok case

MOSCOW, Feb 10 (Reuters) - A Moscow court ruled on Monday to release 2.5 billion roubles ($38.97 million) worth of shares in Vostochny Bank that were frozen in the course of a criminal case against private equity firm Baring Vostok, Interfax news agency reported.

The shares in question are held by Evison Holdings, Interfax said.

Baring Vostok executives were detained in February 2019 on charges of embezzlement. They have denied wrongdoing and said the charges were being used to pressure them in a business dispute over control of Vostochny Bank.

$1 = 64.1475 roubles Writing by Polina Ivanova; Editing by Susan Fenton

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