A Moscow appeals judge has denied Michael Calvey’s request to end his house arrest, following the discovery that the US investor has a malignant tumor. Calvey claims the detention violates his rights.
Along with some of his associates, including his French business partner Philippe Delpal, the American was detained on February 14, 2019 on suspicion of embezzling 2.5 billion rubles ($36 million) from Russia’s Vostochny Bank. Calvey and his colleagues were executives at the private equity company Baring Vostok, which owned a stake in Vostochny. According to Calvey, the entire case is fabricated due to a business dispute over control of the bank.
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