Five business associations ask Bastrykin to place Baring Vostok president under house arrest

Five business associations ask Bastrykin to place Baring Vostok president under house arrest
Michael Calvey

Michael Calvey was placed in jail within the case of the $37.7m-theft of the Vostochny Bank.

Four associations with the participation of foreign business and the Russian Union of Industrialists and Entrepreneurs (RSPP) signed a letter to the ICR Head Alexander Bastrykin with a request to release founder of the investment fund Michael Calvey suspected of embezzling 2.5 billion rubles ($37.7m) of Vostochny Bank from the SIZO and transfer under house arrest. In addition to the RSPP, the letter was signed by representatives of AmCham, the Association of European Businesses, the Russian-German Chamber of Commerce and the Franco-Russian Chamber of Commerce and Industry, RBC reports.

“We signed a letter addressed to Bastrykin, we ask to change the preventive measure, to release the person on bail,” said Alexis Rodzianko, the president of the American Chamber of Commerce in Russia (AmCham).

The appeal was signed following the meeting of the International Council for Cooperation and Investments of the Russian Union of Industrialists and Entrepreneurs in Moscow.

Earlier, business ombudsman Boris Titov, Sberbank CEO Herman Gref, director general of RDIF Kirill Dmitriev, and founder of Tinkoff Bank Oleg Tinkov spoke in support of the entrepreneur.

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