In response to the large number of requests from our friends and partners we are publishing an open letter to the President of the Russian Federation, Vladimir Vladimirovich Putin.
Please find the electronic form to submit your signature to the open letter at the bottom of the page.
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Dear Vladimir Vladimirovich:
On 14 February 2019 our company, the business community and the general public learned about criminal charges related to suspected offenses under part 4 of article 159 of the Russian Federation Criminal Code that were brought against the founder of Baring Vostok Capital Partners (“BVCP”) M. J. Calvey, as well as V. L. Abgaryan, I. N. Zyuzin and P. Delpal (managers at BCVP), the Chief Executive Officer of First Collectors Bureau M. S. Vladimirov and the former Chairman of the Management Board of Vostochny Bank A. S. Kordichev. Our colleagues are accused of offences in connection with the execution of normal management functions at a commercial organisation (Vostochny Bank).
Russian courts and law enforcement authorities in recent years have reduced the use of imprisonment as a form of pre-trial detention for cases related to commercial activities. This approach has helped eliminate the possibility of putting undue pressure on a business partner as part of a business conflict.
Despite these legal requirements, the individuals listed above have been imprisoned during the pre-trial period.
The criminal case against the management of Baring Vostok was launched in the midst of a commercial conflict related to Vostochny Bank; this dispute is between Baring Vostok funds on one side and Russian businessmen who are also shareholders of the bank on the other.
In connection with this, and in order to ensure a comprehensive, independent and objective investigation of this criminal case, we hereby ask that you take personal control of the criminal case that has been initiated against M. J. Calvey, V. L. Abgaryan, I. N. Zyuzin, P. Delpal, M. S. Vladimirov and A. S Kordichev.
On 14 February 2019 our company, the business community and the general public learned about criminal charges related to suspected offenses under part 4 of article 159 of the Russian Federation Criminal Code that were brought against the founder of Baring Vostok Capital Partners (“BVCP”) M. J. Calvey, as well as V. L. Abgaryan, I. N. Zyuzin and P. Delpal (managers at BCVP), the Chief Executive Officer of First Collectors Bureau M. S. Vladimirov and the former Chairman of the Management Board of Vostochny Bank A. S. Kordichev. Our colleagues are accused of offences in connection with the execution of normal management functions at a commercial organisation (Vostochny Bank).
Russian courts and law enforcement authorities in recent years have reduced the use of imprisonment as a form of pre-trial detention for cases related to commercial activities. This approach has helped eliminate the possibility of putting undue pressure on a business partner as part of a business conflict.
Despite these legal requirements, the individuals listed above have been imprisoned during the pre-trial period.
The criminal case against the management of Baring Vostok was launched in the midst of a commercial conflict related to Vostochny Bank; this dispute is between Baring Vostok funds on one side and Russian businessmen who are also shareholders of the bank on the other.
In connection with this, and in order to ensure a comprehensive, independent and objective investigation of this criminal case, we hereby ask that you take personal control of the criminal case that has been initiated against M. J. Calvey, V. L. Abgaryan, I. N. Zyuzin, P. Delpal, M. S. Vladimirov and A. S Kordichev.
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