Russia: Moscow court prolongs US investor Michael Calvey's house arrest for three months

Moscow's Basmanny court extended US investor Michael Calvey's house arrest until July 14 on Friday. Calvey, the founder of Baring Vostok private equity firm, was placed under house arrest on Thursday following a request from Russia's Investigative Committee. The US financier was detained in mid-February in connection with a «large-scale fraud» probe alongside five other employees of Baring... Еще Vostok. He and the other suspects are accused of embezzling 2.5 billion roubles ($37, €33m) from Vostochny Bank.

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