Michael Calvey, who has been working in Russia since 1994, and five other people, including two Baring Vostok managers, face fraud charges. Photo: AP

‘Electric shock’: Russia’s arrest of prominent American investor Michael Calvey jolts business community

  • US founder of one of Russia’s biggest private equity firms accused of fraud
  • Detention shocked business community and threatened to derail efforts to attract capital from abroad
Topic |   Russia

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Michael Calvey, who has been working in Russia since 1994, and five other people, including two Baring Vostok managers, face fraud charges. Photo: AP
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