RUSSIALINK: “80% of Russian Business Owners Fear Arbitrary Arrest” – Moscow Times
Most entrepreneurs say Russia is not safe for business and that court rulings are not independent […]
» Read moreTag: Michael Calvey
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 […]
» Read moreRUSSIALINK: “The Kremlin’s Statecraft and Russia’s Freeze-Thaw Cycle”
(The Kennan Institute – wilsoncenter.org/program/kennan-institute – Maxim Trudolyubov – June 20, 2019) Maxim Trudolyubov is a Senior Fellow at the Kennan Institute and the Editor-at-Large of Vedomosti, an independent Russian daily. Mr. Trudolyubov was the editorial page editor of Vedomosti between 2003 and 2015. He has been a contributing opinion writer for The International New York Times since the fall […]
» Read moreRUSSIALINK: “Michael Calvey Case Revisited: A Corporate Hit, a Bargaining Chip” – Kennan Institute/ Pavel Koshkin
(Kennan Institute – wilsoncenter.org/program/kennan-institute – Pavel Koshkin – wilsoncenter.org/blog-post/michael-calvey-case-revisited-corporate-hit-bargaining-chip) Pavel Koshkin is a research fellow of the Institute of U.S. and Canadian Studies of the Russian Academy of Sciences (ISKRAN) and a contributor to Forbes Russia The American investor Michael Calvey, who was detained in February in Moscow on fraud charges, is back in the news again. Calvey, who has […]
» Read moreRUSSIALINK: “Russia’s Top Auditor Kudrin Blasts Corruption in Legal System” – Moscow Times
(Moscow Times – themoscowtimes.com – June 6, 2019) Russian economic growth is hampered by deep-seated corruption in the country’s legal system, the head of Russia’s auditing agency said Thursday. Audit Chamber head Alexei Kudrin told a St. Petersburg International Economic Forum panel that corruption in the Russian judiciary system goes back centuries, pointing to one of the classic Russian poet […]
» Read moreRUSSIALINK: “Calvey to stay under house arrest till mid-summer” – Interfax
MOSCOW. April 12 (Interfax) – The Basmanny District Court in Moscow has extended the period of house arrest of Baring Vostok investment fund founder and senior partner Michael Calvey, who is charged with fraud, until July 14, an Interfax correspondent reported from the courtroom. “The court will grant the request of investigators. The court will also extend the period of […]
» Read moreJRL NEWSWATCH: “The UK executives helping Putin burnish Russia’s image; Meeting with top British businessmen could not come at a better time for the Kremlin” – Financial Times/ Henry Foy
“Eleven years ago [BP’s] Bob Dudley … fled [Russia] citing ‘sustained harassment of the company and myself’ and threats to his life allegedly directed by politically connected oligarchs and Russia’s security services. Last month … Dudley, now head of the British oil group, was back, telling … Putin … at the Kremlin that he and the British company ‘deeply appreciate […]
» Read moreRUSSIALINK: “Ombudsman Titov Appeals to Russian Authorities Over Detained Businessmen” – Moscow Times
(Moscow Times – themoscowtimes.com – March 22, 2019) Business ombudsman Boris Titov has appealed to federal prosecutors over a group of Russian businessmen currently being held in pre-trial detention. Russia’s business community has expressed growing concern over the pre-trial detention of U.S. investor Michael Calvey, who has been held on embezzlement charges since Feb. 14. President Vladimir Putin on Wednesday […]
» Read moreJRL NEWSWATCH: “U.S. investor jailed by Russia tells Washington to keep distance: prison monitor” – Reuters
“The detention … of Michael Calvey, founder of the Baring Vostok private equity group, has strained U.S.-Russia ties and stoked talk of a possible U.S. boycott of an annual economic forum in June attended by … Putin. Calvey was detained along with three other executives from Baring Vostok after investigators accused them of stealing 2.5 billion roubles ($38.09 million), a […]
» Read moreRUSSIALINK: “Spokesman suggests Putin unhappy with prosecution of businesspeople” – Interfax
(Interfax – February 21, 2019) Russian President Vladimir Putin is unhappy with the continuing practice of arresting businesspeople suspected of committing economic crimes, his spokesman has suggested. His remarks come after US financier Michael Calvey was detained and later charged with fraud in a move that has caused disquiet among investors. “The president is dissatisfied with how effectively his orders […]
» Read moreRUSSIALINK: “Having an Honest Business Is Not Possible in Russia, Majority Says” – Moscow Times
(Moscow Times – themoscowtimes.com – February 20, 2019) A majority of Russians say that doing business in the country without breaking a few rules is impossible, according to a newly released state-funded survey. The poll was carried out a day after Michael Calvey, a U.S. citizen and one of the biggest private equity investors in Russia, was detained on suspicion […]
» Read moreJRL NEWSWATCH: “Calvey’s arrest sends chill through Russia’s foreign investors; U.S. founder of Moscow-based Baring Vostok was seen as savvy operator” – Financial Times/ Max Seddon, Anne-Sylvaine Chassany
“Kremlin officials were touting Russia’s investment opportunities at a [Sochi resort] conference … when news trickled out that one of the country’s last remaining American investors had been thrown behind bars. Michael Calvey … founder of Moscow-based private equity fund manager Baring Vostok, remained one of the last Russia bulls at a time when most of his contemporaries had left […]
» Read moreRussia’s Kudrin Calls Detention Of American Investor ‘Emergency’ For Economy
(Article text ©2019 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – February 19, 2019 – article text also appeared at rferl.org/a/russian-official-calls-us-investor-s-detention-emergency-for-economy-/29778434.html) A longtime former finance minister who is close to President Vladimir Putin has called the arrest of a prominent American investment-fund manager an “emergency” for the Russian economy, suggesting it could further damage the country’s image and harm the […]
» Read moreJRL NEWSWATCH: “Is the arrest of US fund manager Michael Calvey a litmus test for Russia?” – bne Intellinews/ Ben Aris
“The arrest of Michael Calvey on February 14 on ‘large-scale embezzlement’ charges sent shockwaves …. Calvey has been both a savvy investor and at pains to keep his head down. He never comments on politics and is known as a straight shooter. … What is unusual is that a court issues an arrest warrant and a leading fund manager and […]
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