Calvey is confident that the court will acquit him

MOSCOW, March 3 – RIA Novosti. The founder of the investment fund Baring Vostok, American Michael Calvey, accused of embezzling 2.5 billion rubles, is confident that a Russian court will confirm his innocence.

“I believe in the Russian judicial system and am convinced that sooner or later the court will confirm our innocence. I would like it to happen earlier,” he told reporters after a meeting in the Meshchansky Court of Moscow.

Calvey complained about the delay in the process. “The process has been going on for two years now, and instead of continuing our work, investing in the Russian economy, we are wasting time on this groundless process,” the American noted.

“Of the foreigners, I was the greatest optimist, even after the deterioration of the geopolitical situation, I continued to attract investments to Russia, protected the image of Russia,” he added.

Earlier, the court extended Calvey's ban on certain actions. As part of this measure, he is prohibited from leaving the house at night, communicating with other defendants in the case outside of the court proceedings and being in the buildings of the companies that appeared in the transaction that became the reason for the criminal prosecution.

The investigation believes that Calvey and his business partners persuaded the shareholders of Vostochny Bank to vote to conclude a compensation agreement, according to which 59.9% of the shares of Internationl Financial Technology Group were transferred to Vostochny instead of returning the debt. They were estimated at 3 billion rubles at a real cost of 600 thousand, according to the RF IC. An independent examination commissioned by the defense came to different results. According to lawyers, the market value of the disputed block of securities is not 600 thousand rubles, but 3.8 billion.

None of the defendants in this case, who are charged with embezzling Vostochny's funds by issuing a 2.5 billion ruble non-repayable loan to the First Collection Bureau, admits guilt.

Author: wedocount

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