Russia: US financier Calvey to stay under house arrest

Moscow’s Basmanny Court ruled to keep US investor and the founder of Baring Vostok private equity firm Michel Calvey under house arrest on Thursday. The court also lifted Calvey’s restriction on communication with people, restricting it only to those related to criminal case. The court has also transferred French investor Philippe Delpale, another defendant in the Baring Vostok case, from the... Еще pre-trial detention centre to house arrest. Calvey and the other five suspects were detained in February on «large-scale fraud» charges. The suspects are accused of embezzling 2.5 billion roubles ($37m, €33m) from Vostochny Bank.
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