A Russian court on Thursday found U.S. investor Michael Calvey guilty of embezzlement, a charge he denies, in a case that has been followed closely by the international business community.
Calvey, the founder of Russia-focused private equity group Baring Vostok was detained along with other executives in early 2019 on charges of embezzlement linked to mid-sized lender Vostochny. He and the executives deny the charges.
