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Vostok Investments acquired the stake in the Russian online retailer Ozon from Baring Vostok international funds earlier this year
Russia's prisons service has removed U.S. investor Michael Calvey from its register after the probation period on his sentence expired, a document seen by Reuters showed, clearing his criminal record...
MOSCOW (Reuters) -U.S. investor Michael Calvey on Thursday said he had never pleaded guilty to embezzlement charges in Russia and never would, after a ...
MOSCOW (Reuters) -U.S. investor Michael Calvey on Thursday said he had never pleaded guilty to embezzlement charges in Russia and never would, after a Russian cassation court said he had acknowledged his guilt in a 2.5-billion-rouble ($27.7 million) case. Calvey, the founder of Russia-focused private equity group Baring Vostok, was detained along with other executives in early 2019 on charges of embezzlement linked to mid-sized lender Vostochny. A Russian court of cassation on Thursday said Calvey had pleaded guilty to the charges after years of maintaining his innocence and that it had comm...
A Moscow court has commuted the suspended sentence of U.S investor Michael Calvey after he pleaded guilty to controversial fraud charges, the state news agency Interfax reported Thursday.