Russia finds U.S. investor Calvey guilty of embezzlement

Written by on August 5, 2021

MOSCOW, Aug 5 (Reuters) - A Russian court on Thursday found U.S. investor Michael Calvey guilty of embezzlement, his representatives said, in a case followed closely by the international business community.

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. He and the executives deny the charges.



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