Calvey: Court and Equity Group

calvey: The Russian Investigative Committee has asked the Basmanny Court to arrest Calvey, who is suspected of fraud on a large scale, TASS reported, quoting a spokesperson for the court, according to Global Times China. Local media also reported that four other senior managers of Baring Vostok have been detained alongside Calvey. Calvey, founder and a senior partner of the Baring Vostok private equity group, has been held awaiting a court decision, RIA Novosti news agency reported, quoting records of the Moscow Basmanny District Court. Two foreign citizens are being suspected in the case, as well as three Russian nationals. Baring Vostok is a leading private equity group in Russia and other countries of the Commonwealth of Independent States CIS which were former Soviet republics. They committed fraud on a large scale, causing a loss of 2.5 billion rubles some 37.5 million U.S. dollars RIA Novosti quoted an investigator as saying in the court. (news.financializer.com). As reported in the news.