Baring Vostok named new leaders

Senior partner of the fund Elena Ivashentseva and co-founder Alexei Kalinin will act as the head of the investment fund Baring Vostok Capital Partners. reports The powers of senior partner and founder of the fund Michael Calvey, partners Vagan Abgaryan and Philippe Delpal, as well as investment director Ivan Zyuzin, who became defendants in the fraud case, have been temporarily suspended, the company said, RBC .

Earlier, six defendants in the criminal case were arrested. According to investigators, the company "First Collection Bureau" conceded to the bank "Vostochny" a stake in International Financial Technology Group SCA, inflating their price by several orders of magnitude. The investigation stated that both the PKB and Vostochny control Calvey, reminds RBC. Calvey insists the shares were sold at market price. Baring Vostok notes that Calvey was not the beneficiary of Vostochny and PKB.

about the Baring Vostok case as a struggle between two views on the problem of a “good investment climate” Dmitry Butrin writes .