Court releases 3 defendants in Baring Vostok case under house arrest - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Court releases 3 defendants in Baring Vostok case under house arrest

MOSCOW, Feb 12 (PRIME) -- The Moscow City Court on Wednesday released Vagan Abgaryan, Ivan Zyuzin, and Maxim Vladimirov, defendants in a case of investment fund Baring Vostok, from a pre-trial detention center under house arrest until April 12.

In February 2019, the Basmanny District Court of Moscow arrested founder of Baring Vostok Michael Calvey and five other defendants for two months over an alleged 2.5 billion ruble embezzlement from Orient Express Bank. In April, Calvey was released under house arrest.

Investigators believe that Calvey, his business partner Phillippe Delpal, and several other managers convinced shareholders of Orient Express Bank to vote for a compensation agreement to receive a 59.9% in International Financial Technology Group (IFTG) instead of money. The shares were valued at 3 billion rubles under the deal, while their real value amounted to 600,000 rubles.

(63.9490 rubles – U.S. $1)

End

12.02.2020 16:54
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 85.7389 -0.2259 28 mar
USD 77.7325 -0.9898 28 mar
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 992.02 +3.49 15:44 31 mar
micex 2468.85 +1.46 15:44 31 mar
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 180.28 +2.18 15:26 31 mar
lkoh 4593.50 +3.02 15:26 31 mar
rosn 312.50 +3.82 15:26 31 mar
sber 184.89 +1.03 15:26 31 mar
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 88.1300 +2.1100 14:59 31 mar
USDTD 79.7000 +0.4850 17:44 31 mar