Baring Vostok Capital Partners (BVCP) announces that following an appeal hearing on the pre-trial detention of BVCP Founder Michael Calvey, the Moscow Municipal Court (MosGorSud) refused to change the form of detention for Mr Calvey to house arrest. BVCP intends to appeal this decision in higher instance courts.
We are convinced that our employees have acted properly and will defend their rights. We do not agree with the charges that have been brought against them.
For 25 years Baring Vostok funds have made a significant contribution to Russia’s sustainable economic development by investing in Russian companies, many of which have become leaders in their sectors and have successfully entered international markets. In just the last three years, Baring Vostok funds have invested more than USD 900 million into Russian companies, and they continue to operate today.