Fri. Jul 5th, 2024

Top U.S. Investor in Russia, Michael Calvey, Fled Country Before Court Hearing<!-- wp:html --><p>Evgenia Novozhenina/Reuters</p> <p>An American businessman convicted in <a href="https://www.thedailybeast.com/yevgeny-prigozhin-to-reportedly-pivot-russian-wagner-group-away-from-war-in-ukraine?ref=home">Russia</a> of a high-profile embezzlement case is no longer in the country, according to his lawyers.</p> <p><a href="https://www.thedailybeast.com/what-is-putins-endgame-with-michael-calvey-and-other-americans-detained-in-russia">Michael Calvey</a> was sentenced in August 2021 to a five-and-a-half-year suspended sentence in a penal colony after being found guilty of embezzling around $34 million from Siberia’s Vostochny Bank. At a hearing to appeal his conviction in a <a href="https://www.thedailybeast.com/us-embassy-in-moscow-russia-is-blocking-access-to-detained-american-michael-calvey">Moscow</a> court Friday, Calvey’s lawyer said his client was no longer Russia.</p> <p>Attorney Timofey Gridnev said Calvey had planned “to attend the trial, but due to difficulties in obtaining a visa in the current circumstances, it’s difficult for him to come,” Russia’s <a href="https://t.me/rbc_news/70845">RBC News</a> reported. The Daily Beast has contacted Gridnev for comment. </p> <p><a href="https://www.thedailybeast.com/michael-calvey-convicted-us-investor-no-longer-in-russia-lawyers-say">Read more at The Daily Beast.</a></p><!-- /wp:html -->

Evgenia Novozhenina/Reuters

An American businessman convicted in Russia of a high-profile embezzlement case is no longer in the country, according to his lawyers.

Michael Calvey was sentenced in August 2021 to a five-and-a-half-year suspended sentence in a penal colony after being found guilty of embezzling around $34 million from Siberia’s Vostochny Bank. At a hearing to appeal his conviction in a Moscow court Friday, Calvey’s lawyer said his client was no longer Russia.

Attorney Timofey Gridnev said Calvey had planned “to attend the trial, but due to difficulties in obtaining a visa in the current circumstances, it’s difficult for him to come,” Russia’s RBC News reported. The Daily Beast has contacted Gridnev for comment.

Read more at The Daily Beast.

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