Baring Vostok Capital Partners (BVCP) confirms that formal charges have been filed against its employees Michael Calvey, Vagan Abgaryan, Philippe Delpal and Ivan Zyuzin, under part 4 of article 159 of the Russian criminal code.
In connection with this, BVCP once again states that it has full confidence in the legality of its employees’ actions, it does not agree with the charges and that BVCP has always acted in full compliance with the law.
BVCP believes that these charges are connected to a commercial conflict related to Bank Vostochny.
For 25 years the Baring Vostok funds have made a substantial contribution to the sustainable economic development of Russia by investing in advanced Russian companies, many of which have become leaders in their respective industries and have successfully entered international markets. In the last three years alone, the Baring Vostok funds have invested more than USD 900 million in Russian companies and are continuing their activities at the present time.
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