Michael Calvey | |
---|---|
Born | [1] | October 3, 1967
Occupation(s) | Entrepreneur, investor |
Known for | Co-founder and managing partner of Baring Vostok Capital Partners |
Relatives | Kevin Calvey (brother) |
Michael Calvey (born October 3, 1967) is an American businessman and was one of Russia's most prominent foreign investors.[2] His controversial Russian criminal conviction on embezzlement and the subsequent nullification of the case was widely publicized in Russia and the world.[3][4]
Calvey was a co-founder of Baring Vostok, an independent private equity firm focused on investments in Russia and the Commonwealth of Independent States.[5]
Calvey is currently the Chairman of Baring Ventures, a global private equity firm.[6]
In February 2019, Calvey and five colleagues were arrested on suspicion of involvement in the theft of 2.5 billion rubles from Vostochny Bank on the order of "hardliner" judge Artur Karpov. In August 2021, after nearly two years under house arrest, Calvey was found guilty of misappropriation and given a 5.5-year suspended sentence by a Moscow court.[7] The conviction was vacated in April 2024.[8]
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