January 9, 2020 / 2:28 PM / 8 days ago

Russia extends U.S. investor Calvey's house arrest until Feb. 13 - TASS

FILE PHOTO: U.S. investor and founder of the Baring Vostok private equity group Michael Calvey, who is under house arrest on suspicion of fraud, attends a court hearing in Moscow, Russia August 15, 2019. REUTERS/Evgenia Novozhenina/File Photo

MOSCOW (Reuters) - A Moscow court on Thursday ruled to keep U.S. investor Michael Calvey under house arrest until Feb. 13, facing charges of embezzlement, the TASS news agency reported.

A Baring Vostok official representative described the decision as “unjustified”.

Calvey and other executives at private equity group Baring Vostok were detained in February 2019. They deny wrongdoing and say the charges against them are being used to pressure them in a business dispute over control of mid-sized bank Vostochny.

Reporting by Vladimir Soldatkin and Andrey Ostroukh, Writing by Alexander Marrow; editing by David Evans

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below