RDIF CEO files another request to release Calvey under house arrest

ST. PETERSBURG, Apr 9 (PRIME) -- The Russian Direct Investment Fund’s (RDIF) CEO Kirill Dmitriev has submitted a new appeal to release Baring Vostok’s founder Michael Calvey and other detained employees under house arrest, he said Tuesday.

“This is certainly a high-profile case, which many RDIF co-investors ask about. I still stick to the previously stated position that a possible change in the preventive measure to the founder and head of Baring Vostok Capital Partners Michael Calvey and other employees of the fund from detention to house arrest would be a positive signal for the investment and business community, and could also have a beneficial effect on the investment climate,” Dmitriev told reporters on the sidelines of the International Arctic Forum.

“At the very beginning I submitted to the court a request for a mitigating measure of restraint and sent a second request yesterday to the court hearing this week, at which this issue will be resolved.”

In mid-February, the Basmanny District Court of Moscow arrested Calvey and five other defendants for two months over alleged 2.5 billion ruble embezzlement from Orient Express Bank.

(65.3498 rubles – U.S. $1)

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