The prosecutor requested a suspended sentence for Baring Vostok founder Michael Calvey in the Vostochny Bank case

The prosecutor, during the debate in the Meshchansky District Court of Moscow, asked to assign six years of probation to the founder of the investment company Baring Vostok , Michael Calvey. this An RBC correspondent reports .

The case against Baring Vostok founder Michael Calvey and six other people was opened in February 2019 at the request of Vostochny Bank minority shareholder Sherzod Yusupov. Initially they were accused of , but later the charge was reclassified to .

The investigation believes that Calvey convinced the board of directors of Vostochny Bank to cede a loan of 2.5 billion rubles to the First Collection Bureau controlled by him in exchange for shares of the IFTG investment fund worth 600 million rubles. The investigation believes that Calvey and the other defendants appropriated the money for themselves.

In October 2020, the First Collection Bureau agreed to pay Vostochny 2.5 billion rubles. The Bell noted that the case under the embezzlement article, despite this, still cannot be dismissed, but the court can take the agreements into account when making a decision.

The rest of the defendants in the Calvey case also received suspended sentences, including partner of the Baring Vostok fund Philippe Delpal - five years, top managers of the fund Vahan Abgaryan and Ivan Zyuzin - five and five and a half years.

The former general director of the First Collection Bureau, Maxim Vladimirov, and the former director of Vostochny, Alexander Tsakunov, were asked to be sentenced to four and a half years, and the former head of the bank, Alexei Kordichev, to four years.