Calvey ends first month in detention, business leaders express concern

As U.S. investor Michael Calvey ended his first month in detention on Thursday prominent Russian businessmen told President Vladimir Putin they are concerned the case will put pressure on business.   

Russian state prosecutors have charged Calvey, the founder of the Baring Vostok private equity group, with fraud along with three other executives from his fund. Calvey denies the allegations against him, saying the case is being used against him in a business dispute over a Russian bank in which he is a shareholder.

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