Access here alternative investment news about Russian Court Finds American Investor Calvey & Business Partner Guilty Of Embezzling Millions Of Dollars After High Stakes Trial -- Society's Child -

Russian Court Finds American Investor Calvey & Business Partner Guilty Of Embezzling Millions Of Dollars After High Stakes Trial -- Society's Child -

by sott.net posted 1month ago 16 views
A court in Moscow on Thursday convicted US financier Michael Calvey of embezzling funds as part of a long-running and controversial court case that could see the billion-dollar investment fund director handed a stiff sentence. The former head of Baring Vostok, a $3.7-billion investment firm he founded, Calvey was accused of overstating the value of an asset as part of a financial transaction and misappropriating funds worth 2.5 billion rubles ($34.2 million). A judge at the Meshchansky Court in the Russian capital found him and his French business partner, Philip Delpalle, guilty of the charges in Thursday's hearing.

In this article

No tags related to this article.