Case arrested in Russia investor from the United States began to fall apart

109

www.vsyako.netMichael Califato: Ilya Pitalev / RIA Novosti

The Moscow arbitration court approved a rating of 3.08 billion rubles of the disputed shares of the Luxembourg International Financial Technology Group (IFTG) from the case of the founder of the investment Fund Baring Vostok Michael Calvey. It is reported by RBC with reference to the decision of the court.

The Tribunal ordered the examination in November 2018, and approved its results in February 2019. According to the court, we are talking about shares, in exchange for which the Bank “East” to forgive the debt of 2.5 billion rubles to First collection Bureau (PCB) — controlling stakes in both companies owns Baring. PKB itself bought the “disputed shares” for three weeks before transferring it to the Bank for 2.77 billion in Cypriot offshore Balakus.

The transaction with shares IFTG is the main allegations Calvey and five of his partners in the fraud. Under the version of law enforcement bodies, in 2017, the defendants in the case have convinced the Board of Directors of “Eastern” to support the repayment of the loan PKB shares of three billion rubles, although its real value was appreciated by the consequence of all of 600 thousand rubles.

Calvey, Baring Vostok partner Vagan Abgaryan, a partner of the Fund industry in the financial sector Philippe Delpal, investment Director Ivan Zyuzin, the former Chairman of the “East” and current Advisor to the Chairman of the Board of JSC “Norvik Bank” Alexey Cordici and CEO of PKB Maxim Vladimirov, accused of fraud in especially large size. American businessman pleaded not guilty and bound charges in the address with the corporate conflict around the “East” in which two groups of shareholders of the Bank (representing one side of Baring, on the other Finvision Holdings Artem Avetisyan) struggling for the possession of a controlling stake.

Video, photo All from Russia.

LEAVE A REPLY

Please enter your comment!
Please enter your name here