November 25, 2020

Market and Financial News Aggregator

US, French investors freed from house arrest in Russia

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Calvey, the 53-year-old founder of the Russia-based investment fund Baring Vostok, was arrested along with several of his associates in February 2019 and accused of defrauding Vostochny Bank of 2.5 billion rubles ($32.5 million). The court told AFP that it had changed the pre-trial measure for Calvey, Delpal and their Russian colleagues “from house arrest to a restriction on certain actions”.

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