The Moscow Basmanny Court has satisfied the petition of the Investigative Committee of the Russian Federation and extended the term of house arrest to the founder of the Baring Vostok private equity firm Michael Calvey for three months, a TASS correspondent reported from the courtroom.
Calvey is accused of 2.5 billion rubles ($37.5 mln) of fraud.
"To extend the term of house arrest for the accused Calvey for three months - until July 14, 2019," the judge Natalia Dudar read out the court’s ruling.
On Thursday, the Basmanny Court released Calvey from the detention center and placed him under house arrest. The court also released another defendant in the case, former head of the Vostochny Bank Alexei Kordichev, who pleaded guilty and gave evidence regarding other defendants. He was also placed under house arrest.