Calvey, one of Russia's most prominent foreign investors, faces a possible six-year suspended jail sentence if found guilty with a verdict expected on Aug. 2.
The detention of the Wisconsin-born investor rattled Russia's business community and prompted several prominent officials and businessmen to voice concerns about the way the state deals with commercial disputes and executives caught up in them.“A court decision to reject the accusation would be an enormous positive sign about the independence of the courts and the protection of investors’ rights,” Calvey told the court, in remarks shared online by his press team.
Initially placed in pre-trial detention, Calvey was subsequently freed and put under house arrest instead. Dmitry Peskov, the spokesperson, told reporters that international business representatives had raised the case with Putin before, and that Putin has responded by saying that the government could not meddle in the work of the courts.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »