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Russia finds U.S. investor Calvey guilty of embezzlement - report

Reuters WORLD
Published August 05,2021
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A Russian court on Thursday found U.S. investor Michael Calvey guilty of embezzlement, a charge he denies, in a case that has been 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.