Russian court rules to keep U.S. investor under house arrest - Ifax

U.S. investor and founder of the Baring Vostok private equity group Michael Calvey, who was detained on suspicion of fraud, leaves the court after his hearing in Moscow, Russia April 11, 2019. REUTERS/Maxim Shemetov - Copyright MAXIM SHEMETOV(Reuters)

By Reuters

Published on 08/07/2019 - 17:34•Updated 24/04/2024 - 09:56

Comments

MOSCOW (Reuters) - A court in Moscow ruled on Monday to keep U.S. investor Michael Calvey under house arrest until Oct. 13, Interfax news agency reported.

Calvey, founder of the Baring Vostok private equity group, was detained in February pending a trial on embezzlement charges. He denies wrongdoing and says the case is a way of pressuring him in a dispute over control of a Russian bank.