Michael Calvey | |
|---|---|
 | |
| Born | October 3, 1967[1] |
| Occupation(s) | Entrepreneur, investor |
| Known for | Co-founder and managing partner of Baring Vostok Capital Partners |
| Relatives | Kevin Calvey (brother) |
Michael Calvey (born October 3, 1967) is an American businessman and previously one of Russia's most prominent foreign investors.[2] His controversial Russian criminal conviction on embezzlement and the subsequent nullification of the case was widely publicized in Russia and the world.[3][4]
Calvey co-founded Baring Vostok, an independent private equity firm focused on investments in Russia and the Commonwealth of Independent States.[5]
In February 2019, Calvey and five colleagues were arrested on suspicion of involvement in the theft of 2.5 billion rubles from Vostochny Bank on the order of "hardliner" judge Artur Karpov. In August 2021, after nearly two years under house arrest, Calvey was found guilty of misappropriation and given a 5.5-year suspended sentence by a Moscow court.[6] The conviction was vacated in April 2024.[7]
- ^ ""Самый честный инвестор в Россию": кто такой Майкл Калви и за что его арестовали" [The most honest investor: Michael Calvey and the reasons behind his arrest] (in Russian). Esquire. 18 February 2019. Retrieved 12 February 2022.
- ^ "Ex-finance minister Kudrin says detention of top U.S. investor is 'emergency' for Russian economy". Reuters. 18 February 2019.
- ^ "Michael Calvey trial set to conclude as Russian court delivers verdict". Financial Times. 2021-08-02. Retrieved 2022-08-28.
- ^ "The arrest of Michael Calvey, an American investor, shocks Russia's business community". The Economist. ISSN 0013-0613. Retrieved 2022-08-28.
- ^ Reid, David (2019-02-25). "Putin is asked to take 'personal control' of legal case against jailed US investor". CNBC. Retrieved 2021-10-20.
- ^ Sergeev, Lev; Marrow, Alexander (2021-08-07). "Russia hands U.S. investor Calvey 5.5-year suspended sentence". Reuters. Retrieved 2021-10-19.
- ^ Cite error: The named reference
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