Iran's President Raisi warns Israel against any missteps
6 hours ago
Moscow court released French partner of Baring Vostok Capital Partners Philippe Delpal from pre-trial detention and put him under house arrest on Thursday August 15.
The Financial Times commented that the release followed after intense lobbying from the Franco-Russian business community, as well as direct appeals to the President Vladimir Putin ahead of his meeting with French President Emmanuel Macron next week.
Russia's most famous fund manager Michael Calvey, BVCP founder, was released to house arrest in April, but two other executives and the former head of a debt collector owned remain in custody. As reported by bne IntelliNews, despite the uproar of the investment community, recently BVCP has suffered legal defeats in both Russia and London on the case.
Reportedly, Patrick Pouyanné, chief executive of French oil and gas producer Total, raised the issue of Delpal’s detention during a private one-to-one meeting with Putin in April. Total is the strategic partner and one of the main investors in Russia's second-largest gas producer and global liquefied natural gas runner-up Novatek.
Calvey and several of his colleagues from BVCP were arrested in February after the Federal Security Service (FSB) opened an investigation into an accusation that BVCP illegally mispriced shares in the Oriental Express Bank (OEB). Calvey is accused of RUB2.5bn ($37.5mn) embezzlement.
It was widely assumed that other shareholders of OEB struck back by using his friendship with Dmitry Patrushev, the son of the former director of the FSB, to launch the investigation as a way to pressuring BVCP to withdraw the London lawsuit concerning a proposed capital injection by shareholders in OEB.
Related Content
News
Iran's President Raisi warns Israel against any missteps
Iran's President Ebrahim Raisi issued a stern warning to Israel late on April 18, cautioning that any mistake or aggression towards Iranian territory would be met with a severe response that would leave Israel and its allies regretting their actions.
Iran says may revise nuclear policies in case of Israeli threat against its sites
Iran said it could revise its anti-nuclear weapons doctrine if threatened by Israel against its nuclear sites, in an escalation of events as the Jewish State prepares to celebrate passover on April 22.
__2.png)
Premier Energy announces €125mn IPO in Bucharest to boost renewables portfolio
Bucharest Stock Exchange becomes increasingly attractive for investors after last year's Hidroelectrica IPO.
Eurasia has 20 major petrochemical projects underway worth over $200bn to double plastics production
Eurasia has 20 major petrochemical projects underway worth over $200bn to double plastics production.
US senators seek closer ties with Western Balkans to combat Russia's 'malign influence'
Members of the US Senate Committee on Foreign Relations warned of the risk of destabilisation in the Western Balkans since the start of Russia’s war in Ukraine.
Most Read
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
1 day ago
-
AI and cybersecurity to drive CEE tech sector
16 hours ago
-
Russia’s $13.4bn current account surplus in March second highest since 2007
1 day ago
-
US senators seek closer ties with Western Balkans to combat Russia's 'malign influence'
16 hours ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
1 day ago
-
Iran vs Israel: Who is better equipped for war?
5 days ago
-
Saudi Arabia to scale back plans for Neom city
8 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
5 days ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
6 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Russia could pay off its entire external debt tomorrow, in cash
19 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
23 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
28 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
21 days ago