The Basmanny Court in Moscow decided on Saturday to place US businessman, founder of the Baring Vostok company Michael Calvey into 2-month custody in the Bank Vostochny fraud case, a Sputnik correspondent reported
MOSCOW (Pakistan Point News / Sputnik - 16th February, 2019) The Basmanny Court in Moscow decided on Saturday to place US businessman, founder of the Baring Vostok company Michael Calvey into 2-month custody in the Bank Vostochny fraud case, a Sputnik correspondent reported."The investigator's request is satisfied," judge Artur Karpov said, which means that Calvey will be jailed at least until April 13.
At the same Calvey's lawyer said that the legal defense would file an appeal to challenge the verdict.
Calvey, who was detained on Friday on suspicion of a large-scale fraud, denied involvement in embezzling 2.5 billion rubles ($37.5 million) from Vostochny Bank.
