24 Mar 2020 12:46

Appeal court declines request to release Calvey, Delpal from house arrest or mitigate house arrest terms

MOSCOW. March 24 (Interfax) - Moscow's First Appeal Court of General Jurisdiction has recognized as lawful the decision to extend the house arrest of Baring Vostok investment fund founder and senior partner, U.S. businessman Michael Calvey and Baring Vostok financial industry partner, French citizen Philippe Delpal, who have been charged with defrauding Vostochny Bank of 2.5 billion rubles, until mid-May.

"To uphold the Moscow City Court's ruling of February 10, 2020, which extends the period of house arrest for Calvey and Delpal, and to dismiss the appeals filed by their lawyers," the court decision reads.

The appeal court declined defense requests to overrule the Moscow City Court's decision and release Calvey and Delpal, either on bail or on their own recognizance, or to mitigate the terms of their house arrests by allowing them daily walks.