Russia extends US investor Calvey’s house arrest until Feb. 13

Michael Calvey, who was detained on suspicion of fraud, leaves the court after his hearing in Moscow. (File photo: Reuters)

A Moscow court on Thursday ruled to keep US investor Michael Calvey under house arrest until February 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.

Last Update: Wednesday, 20 May 2020 KSA 10:05 - GMT 07:05