The investor, who founded one of Russia’s largest investment funds, was handed the sentence at a hearing of the Meshchansky Court in Moscow on Friday. Under its terms, he will have to remain in the country and report regularly to the authorities. Failing to comply with the terms could see …
Read More »‘Hope dies last’: American financier Calvey speaks after being found guilty of embezzlement in Russian court & awaiting sentencing
Both the judge and the prosecutor have “simply repeated the phrases and arguments from the December 2019 preliminary accusation, ignoring hundreds of documents, testimonies and expert witnesses presented during the trial over the last 7 months,” Calvey said outside the Meshchansky Court in Moscow on Thursday evening. “But it’s not …
Read More »The Man with the Money: How Michael Calvey went from billion-dollar Moscow investor to facing years behind bars in a Russian jail
Accused of dodgy dealing, the businessman was locked up in the notorious Matrosskaya Tishina prison, on the outskirts of the Russian capital, within days. After months of appeals he was released, first to house arrest in his upmarket residential building and, later, he was allowed to go out subject to curfew …
Read More »On a scale of Calvey
So for most of us this event is a pure Chinese. Arrested some American for fraud. This guy we don’t know the name of his company I never heard of. Even after reading Wikipedia still do not understand what a venture capital Fund. In General, in a country where the …
Read More »The founder of Baring Vostok Michael Calvey at the second attempt, was arrested for two months
Basmanny court of Moscow arrested for two months founder of the investment Fund Baring Vostok Michael Calvey, a suspect in the theft of 2.5 billion rubles from the Bank “the East”, reports TASS. According to the court, Calvey will be held in custody till April 13. Within 10 days he …
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