OREANDA-NEWS. On December 23, Interfax news agency reported with reference to informed sources that the Investigative Committee of Russia re-categorized the charge in the case of Baring Vostok from fraud to embezzlement on a very large scale.

The Investigative Committee began to indict the defendants in the case, including the founder of the investment fund Baring Vostok Capital Partners, American businessman Michael Calvey. Thus, the process of gathering evidence in the case is completed, in the near future the participants in the process will be announced about the end of the investigative actions, after which they will get acquainted with the materials of the investigation.

Baring Vostok believes that the criminal case of embezzlement of the bank Vostochny ended in nothing, and the investigation poisons Russia’s investment climate. The representatives of the fund also demanded to release their innocent colleagues.