×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: APFN | EU | Russia | Investor Detained

Russian Court Puts French Investor under House Arrests

Thursday, 15 August 2019 08:38 AM EDT

MOSCOW (AP) — A Moscow court has put a jailed French investor under house arrest.

The Moscow City Court ruled on Thursday to place Philippe Delpal, partner at the Moscow-based private equity firm Baring Vostok, under house arrest, more than six months after he was first detained and sent to jail.

Delpal and five of his colleagues including Baring Vostok's founder Michael Calvey face charges of embezzlement involving a Russian bank where Baring Vostok has a controlling stake. They all deny wrongdoing.

The criminal case against Baring Vostok, one of Russia's oldest foreign private equity firms, has sent shockwaves through the Moscow business community, as Calvey and his associates made a crucial contribution to developing Russia's tech industry while maintaining strong ties with the government.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
A Moscow court has put a jailed French investor under house arrest.The Moscow City Court ruled on Thursday to place Philippe Delpal, partner at the Moscow-based private equity firm Baring Vostok, under house arrest, more than six months after he was first detained and sent...
APFN,EU,Russia,Investor Detained
124
2019-38-15
Thursday, 15 August 2019 08:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved