Russia Court Holds U.S. Investor Calvey for Two Months
Michael Calvey during a hearing at the Basmanny District Court in Moscow, Feb. 16.
Photographer: Andrey Rudakov/Bloomberg
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A Russian court ruled that Michael Calvey, the founder of private-equity firm Baring Vostok Capital Partners and one of the country’s longest-standing American investors, should be held in custody for nearly two months in an embezzlement case.
Calvey will be held through April 13, the judge said. Calvey’s lawyer said the investor maintains his innocence and will appeal.