JRL NEWSWATCH: “Russian Baring Vostok executives could face years in detention” – Intellinews/ bne Ben Aris

“… fund manager[ and] U.S. citizen Michael Calvey, will appear in court … October 29 to appeal against his continued pre-trial house arrest … [T]hree Russians facing the same charges will be appealing … ongoing isolation in prison cells. State investigators say they need to take the maximum time allowed by law – a full year – to investigate a fraud case … hastily launched after a fellow shareholder in Baring Vostok (BV) portfolio company Vostochniy Bank filed a complaint with Russia’s Federal Security Bureau in February …. Four BV managers, as well as one acting and one former executive at the funds’ portfolio companies were arrested … on fraud charges … widely seen as … engineered by Artyem Avetisyan and Sherzod Yusupov, co-shareholders in Vostochniy Bank (formerly Orient Express Bank). …”

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