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.
Denis Konstantinov has been warned that criminal case into high treason might be initiated against him. He states he was beaten and demanded to confess of his cooperation with foreign intelligence services.
Two 21-year-old residents of Perm are suspected of the murder of Dmitry Nekrasov. It is reported that after the homicide, personal belongings were stolen from Nekrasov’s apartment. A manhunt for the second suspect is underway.