A Moscow court on Thursday ruled to keep U.S. investor Michael Calvey under house arrest until Feb. 13, facing charges of embezzlement, the TASS news agency reported.
A Baring Vostok official representative described the decision as "unjustified."
Calvey and other executives at private equity group Baring Vostok were detained in February 2019. They deny wrongdoing and say the charges against them are being used to pressure them in a business dispute over control of mid-sized bank Vostochny. The nearly year-long saga has triggered unease among Russia’s business and investment community and stoked tensions between Moscow and Washington.
Calvey was placed under house arrest in April, after two months in jail, while Baring Vostok manager Phillipe Depal was moved from jail to house arrest in August.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
