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Moscow Court Upholds House Arrest Extension of US Investor

RFE/RL

   The Moscow City Court has denied bail to U.S. investor Michael Calvey
   and ruled to extend the house arrest of Calvey and his partner, French
   citizen Philippe Delpal, until January 13.

   The court on Tuesday upheld a previous October 9 ruling by the Basman
   District Court.

   Calvey and several other executives and employees of the Russia-based
   private-equity group Baring Vostok were detained in Moscow in February
   and charged with financial fraud.

   They all deny any wrongdoing and say the case is being used against
   them in a corporate dispute over the control of a Russian bank. Calvey
   was released into house arrest in April and had hoped to win more
   freedom in court.
   

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