American investor Michael Calvey has launched an appeal against his controversial conviction on embezzlement charges, the state-run RIA Novosti news agency reported Thursday.
“The court has received an appeal by Michael Calvey’s defense lawyers,” a representative of Moscow’s Meshchansky district court told the news agency.
The appeal is the latest twist of a legal saga that has gripped Russia’s business community for the last two and a half years.
The same court found Calvey guilty early August of a $34 million embezzlement scheme and handed the American citizen a 5.5-year suspended sentence. Several of Calvey’s colleagues at his Baring Vostok venture capital were also found guilty and handed suspended sentences.
US investor Calvey appeals Russian embezzlement convictionRead More
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