In Moscow detained the founder of investment company Baring Vostok
US citizen czars suspected of fraud in especially large size.
In Moscow detained the founder of investment company Baring Vostok Michael Calvey, told “Vedomosti” the press Secretary of the Basmanny court Juno Tsarev.
He is detained on suspicion in fraud in especially large size under article 159 part 4 of the Penal code (article prescribes punishment in the form of deprivation of liberty for a term up to 10 years).
On Friday, February 15, the court decides on the measure of restraint for the businessman. Details of the charges the court did not specify.
Together with Calvey also arrested former Chairman of Board of Bank “the East” Alex Cordici, partner Waged Vostok Vagan Abgaryan, a partner with the industry of the financial sector Philippe Delpal, investment Director Ivan Vladimirov and Maxim Zyuzin. They are also suspected of fraud in especially large size, the investigators seek to arrest all defendants.
Michael Calvey is a U.S. citizen, from a list of persons under the control of the Bank “East”.
Baring Vostok is included in the composition of shareholders of Bank “East”, “OZON”, “Coswell”, Etalon Group, Gett, “Novomet” and others.