Investors Panic After US Fund Manager Arrested In Russia

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Published on 19 Feb 2019, 20:57
One of Russia's most well-respected foreign investors, private equity baron Michael Calvey, has run the Russia focused investment fund, Baring Vostok, since 1994, and has never shied away from touting his ability to work with government officials. Now, he's sitting in a Moscow jail cell, and, as both Bloomberg and the Financial Times have reported this week, other foreign investors are suddenly panicking, wondering what this means for their business in Moscow, or if they too could be subject to arrest and scrutiny of the country's KGB-successor agency, the FSB, if they are ever embroiled in what should be a civil business dispute over a few million dollars.

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