U.S. investor Calvey pleads guilty to Russian embezzlement charge -Ifax cites court
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...
Source: yahoo.com