All of them have been charged with the “fraud committed by an organized group or on an especially large scale” The investigation filed charges against all the persons involved in the case of embezzling 2.5 bln rubles ($37.5 mln) from the Vostochny Bank, where the founder and managing partner of Baring Vostok investment fund Michael Calvey is the key defendant, a source in investigative agencies told TASS. “The investigation charged all persons involved in the case were charged under Part 4 of Article 159 of the Criminal Code of the Russian Federation (Fraud committed by an organized group or on an especially large scale). Philippe Delpal (investment partner for the financial industry sector at Baring Vostok – TASS) was the last who was charged.” The source added that all the defendants were re-interrogated and none of them pleaded guilty. Philippe Delpal’s lawyer, Barbara Knutova, confirmed that her client was charged and did not admit guilt.
This post originally appeared on SOTT.net