(MOSCOW) Basmanny Court Report: Baring Vostok Financial Fraud Case: Authorities Extend house arrest of U.S. investor Michael Calvey and his partner, French national Philippe Delpal, until Feb.13: four days before the previous extension of the two men’s house arrest was set to expire #AceNewsDesk reports

#AceNewsReport – Jan.09: The court also prolonged the house arrest of two Russian citizens — former Vostochny Bank CEO Aleksei Kordichev and former Vostochny Bank investment director Aleksandr Tsakunov — until February 13 as well: Calvey and several other executives and employees of the Russian-based private-equity group Baring Vostok were detained in Moscow in February last year and charged with financial fraud: They all deny any wrongdoing and say the case is being used against them in a corporate dispute over the control of a Russian bank.

Voice of America – English IFTTT, [Jan 9, 2020 at 17:39] https://ift.tt/2T82QX2

Calvey was released to house arrest in April: The arrests stunned many Western investors and drew complaints from high-level Russian business leaders and government officials, who questioned the motivation of the courts and prosecutors.

Baring Vostok is one of the largest and oldest private-equity firms operating in Russia. It was founded in the early 1990s and manages more than $3.7 billion in assets: The company was an early major investor in Yandex, Russia’s dominant search engine.Calvey is one of two Americans currently facing potential trial in Russia on charges supporters say are groundless: Paul Whelan, a former U.S. Marine, has been behind bars since December 28, 2018, when he was arrested on an espionage charge he denies.

#AceNewsDesk report…………………Published: Jan.09: 2019:

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