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Russia: Moscow court keeps Baring Vostok founder under house arrest01:40

Russia: Moscow court keeps Baring Vostok founder under house arrest

Russian Federation, Moscow
October 29, 2019 at 13:24 GMT +00:00 · Published

The Moscow City Court ruled on Tuesday to keep US investor and founder of Baring Vostok private equity firm Michael Calvey under house arrest.

The court also lifted restrictions for French investor Philippe Delpale, another defendant in the Baring Vostok case, on living in the apartments together with his family, as he was previously transferred to house arrest and living apart from his relatives.

Earlier Moscow's Basmanny District Court ruled to keep the Calveyunder house arrest until January, 13.

Calvey, Delpal and five other suspects were detained in February on "large-scale fraud" charges. They are accused of embezzling 2.5 billion roubles ($37m, €33m) from Vostochny Bank.

Russia: Moscow court keeps Baring Vostok founder under house arrest01:40
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Description

The Moscow City Court ruled on Tuesday to keep US investor and founder of Baring Vostok private equity firm Michael Calvey under house arrest.

The court also lifted restrictions for French investor Philippe Delpale, another defendant in the Baring Vostok case, on living in the apartments together with his family, as he was previously transferred to house arrest and living apart from his relatives.

Earlier Moscow's Basmanny District Court ruled to keep the Calveyunder house arrest until January, 13.

Calvey, Delpal and five other suspects were detained in February on "large-scale fraud" charges. They are accused of embezzling 2.5 billion roubles ($37m, €33m) from Vostochny Bank.

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