Moscow's Basmanny court on Friday extended Baring Vostok investment company founder and member of the Vostochny Bank's board of directors, Michael Calvey's, detention for 72 hours, a Sputnik correspondent reported from the courtroom
MOSCOW (Pakistan Point News / Sputnik - 15th February, 2019) Moscow's Basmanny court on Friday extended Baring Vostok investment company founder and member of the Vostochny Bank's board of directors, Michael Calvey's, detention for 72 hours, a Sputnik correspondent reported from the courtroom.Calvey, who was detained earlier in the day on suspicion of a large-scale fraud, denied involvement in embezzling 2.5 billion rubles ($37.5 million) from Russia's Vostochny Bank.
"We decide to extend the detention of Michael [Calvey] until 8 p.m. [17:00 GMT] of February 18. To postpone the court hearing until 1 p.m. [10:00 GMT] of February 18," Judge Artur Karpov said.
