Vostochny bank

Tag: Vostochny bank

U.S. investor Calvey found guilty of $34 mln embezzlement

Moscow’s Meshchansky District Court on Thursday found U.S. investor Michael Calvey guilty of embezzling over 2.5 billion rubles (over $34 million) from Vostochny Bank.

16:00 05.08.2021

Sentencing of Michael Calvey, other defendants in Baring Vostok case adjourned

Sentencing of U.S. investor Michael Calvey and other defendants in a case over embezzlement of over 2.5 billion rubles (over $34 million) from Vostochny Bank on Monday was adjourned until August 5.

11:34 02.08.2021

Restraining order extended against Baring Vostok embezzlement case defendants

Moscow’s Meshchansky District Court on Wednesday extended restraining order against Baring Vostok investment company's founder Michael Calvey and other defendants charged with embezzling over 2.5 billion rubles (about 34 million at the current exchange rate) from Vostochny bank.

15:00 02.06.2021

U.S. investor Calvey, others involved in $40 mln embezzlement case freed from house arrest

The Supreme Court of Russia on Thursday changed a restrictive measure of Baring Vostok investment company's founder Michael Calvey and other defendants in a 2.5-billion-ruble (about $40 million) embezzlement case from house arrest to restraining order.

18:09 12.11.2020

Ruling on Vostochny bank stock sale upheld

The Sixth Commercial Court of Appeals has upheld refusal to reconsider upon newly discovered evidence a ruling ordering the Cypriot Evison Holdings Limited, through which Baring Vostok and Russia Partners investment funds control a batch of the Vostochny bank’s stock, to sell 9.99% of shares

11:28 03.06.2020

Russia’s Supreme Court upholds ruling in Vostochny bank stock dispute

The Supreme Court of Russian Federation has decided not to reconsider an appeals court ruling in a stock dispute between the Cypriot Evison Holdings Limited, through which Baring Vostok and Russia Partners investment funds control a batch of the Vostochny bank’s stock, and Finvision Holdings company.

13:31 27.05.2020

Three defendants in Baring Vostok case ordered to stay under house arrest till May

The Moscow City Court on Tuesday extended house arrest of three defendants in the Baring Vostok 2.5-billion-ruble (about $40 million) embezzlement case until May 13.

14:19 07.04.2020

Investigators move to arrest ex-Investment Manager of Vostochny bank

Investigators have asked the Moscow Basmanny District Court to arrest Alexander Tsakunov, the former Investor Manager of Vostochny bank in criminal case over grave embezzlement.

12:05 20.12.2019

Russian court sizes Baring Vostok’s share in Vostochny bank in $155 mln damages case

The Commercial Court of the Amur Region has sized a 41.6% share of Evison Holdings Limited, the Cypriot structure of Baring Vostok, in Vostochny bank.

14:01 02.09.2019

Baring Vostok partner freed from detention, put under house arrest

The Moscow City Court on Thursday changed a restrictive measure for Baring Vostok Industry Partner for the financial industry sector Philippe Delpal from detention to house arrest in a 2.5-billion-ruble embezzlement case.

14:44 15.08.2019

Baring Vostok to sell Vostochny bank stock to minority shareholder - court

The Sixth Commercial Court of Appeals has upheld a lower court’s ruling ordering the Cypriot Evison Holdings Limited, through which Baring Vostok and Russia Partners investment funds control over 50% of the Vostochny bank’s stock to sell stock to a minority shareholder of Vostochny bank.

12:20 14.08.2019

Vostochny bank seeks recovery of $155 mln from Baring Vostok and Calvey

Vostochny bank has filed an application seeking the recovery of alleged damages in the amount of 9.8 billion rubles (about $155 million) from Evison Holdings Limited, the Cypriot structure of Baring Vostok, and the bank founder Michael Calvey, accused of a 2.5-billion-ruble ($40 million) embezzlement.

10:19 31.07.2019

Vostochny bank seeks seizure of over 41% shares belonging to Baring Vostok

Vostochny bank has filed an application seeking 41.6 per cent of its stock belonging to Evison Holdings Limited, the Cypriot structure of Baring Vostok, to be seized.

16:58 26.07.2019

Vostochny bank banned from issuing additional shares – court

The Commercial Court of Amur Region has upheld ban on additional share issue for Vostochny bank.

13:09 17.06.2019

Baring Vostok ordered to sell 9.99% of Vostochny bank shares to minority stockholder

The Commercial Court of Amur Region has obliged the Cypriot Evison Holdings Limited, through which Baring Vostok and Russia Partners investment funds control over 50% of the Vostochny bank’s stock, to execute a call option agreement signed with Finvision Holdings company.

12:10 17.05.2019