Baring Vostok founder denies involvement in embezzling money from Vostochny Bank
The court has extended Michail Calvey’s detention for 72 hours.
The founder of the investment company Baring Vostok, American Michael Calvey, denied his involvement in the theft of 2.5 billion rubles ($37.7 million) from Vostochny Bank through a fraudulent scheme involving the First Collection Bureau at a meeting in the Basmanny District Court of Moscow. The court has extended Calvey’s detention for 72 hours. This is reported by TASS.
“Yusupov and Avetisyan are involved in a corporate conflict within Vostochny Bank. We believe that they have carried out ten transactions that we are challenging in the London arbitration,” Calvey said in court, accusing a board member of the bank Yusupov and shareholder Avetisyan of false denunciation.
“Yusupov was motivated by two things when submitting an application to the FSB — to create a bargaining position for our waiver of requirements in the London court. The second motive is to reduce the proportion of dilution of Avetisyan’s share in Vostochny Bank, which was inevitable as a result of our recapitalization of the bank,” Calvey said.
The founder of Baring Vostok expressed his willingness to cooperate with the investigation and asked the court to place him under house arrest. The court postponed the election of a preventive measure for another day, extending the term of detention to the American.
Deposit Insurance Agency and ‘criminal duo’ of its First Deputy General Director Miroshnikov and colonel–billionaire Cherkalin
Valery Miroshnikov, First Deputy General Director of the Deposit Insurance Agency (DIA), has fled Russia and intends to resign. Experts explain his escape by the arrest of FSB colonel Kirill Cherkalin charged with swindling amounting to 12 billion rubles ($191.4 million); Miroshnikov and Cherkalin had close ties. In addition, the high-ranked insurer was a friend of fugitive FSB general Viktor Voronin – who had assisted to late banker Vladimir Kogan in the resolution of Bank UralSib and then relocated to Israel. The CrimeRussia reviewed operations of the ‘unsinkable’ Deposit Insurance Agency and its top manager Valery Miroshnikov – as well as his extensive connections actively used in the course of liquidation of Russian banks. The main question is: why is the Central Bank of Russia turning a blind eye to suspicious actions of the DIA?