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Russia to keep U.S. investor Calvey under house arrest until January - TASS

Russia to keep U.S. investor Calvey under house arrest until January - 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, leaves a court building after a hearing in Moscow, Russia August 15, 2019. REUTERS/Evgenia Novozhenina -
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EVGENIA NOVOZHENINA(Reuters)
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MOSCOW (Reuters) – A court in Moscow ruled on Tuesday to keep U.S. investor Michael Calvey under house arrest facing charges of embezzlement until January 13, the TASS news agency reported.

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

(Reporting by Andrey Kuzmin; writing by Tom Balmforth; editing by Andrew Heavens)

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