Thursday, February 28, the Moscow city court has left under arrest of the head of the investment Fund Baring Vostok American Michael Calvey. The newspaper “Vedomosti” emphasizes that the decision was made, despite the fact that the investor instructing the head of Sberbank German Gref and the Commissioner of the Russian President for human entrepreneurs Boris Titov.
As reported by RIA Novosti, Calvey asked to appoint him house arrest. “I have very important family business (…). My youngest son and daughter (…) needs to get into University. This is one reason why house arrest would be convenient and it is not connected with this transaction. (…). Happens once in a lifetime such a situation. I will perform all of the obligations of house arrest,” said Calvey in Russian.
He also said not guilty.
“I am innocent. I’m innocent, didn’t commit any crimes. Baring repeatedly saved the Bank “East””, the statement quoted Calvey correspondent of”Novaya Gazeta”.
The newspaper said that representatives of the “injured party” of the Bank “East” fully supported the position of the prosecution, stating that Calvey in the case of release from jail may be hiding from the investigation and will put pressure on witnesses.
We will remind, 51-year-old Michael Calvey and another five people (including 47-year-old Director of Finance, Baring Vostok Frenchman Philippe Delpal) was arrested on February 16.
According to investigators, “the First kollektorskoe Bureau” (PKB), one of the investors which the Fund took a loan of 2.5 billion rubles from the Bank “East”, and in the account of repayment over the shares of another company, IFTG, convincing the Board of Directors of the Bank that they are three billion.
One of the members of the Board of Directors of “Eastern” Sherzod Yusupov asked the FSB, accusing Calvey and other persons involved in the transaction, in the fraud. The investigation claims to have discovered an audit valuation of shares IFTG, according to which it would not have cost three billion and 600 thousand rubles.
Michael Calvey pleaded not guilty from the outset and argues that Yusupov had access to all information. And fraud charges, an American businessman calls an attempt to put pressure on the Fund Baring Vostok, which previously filed a lawsuit in London arbitration court to reconsider the share of Yusupov and his business partner Artem Avetisyan in the Bank “East”.