Michael Calvey was handed a 5.5-year suspended term in Russia in 2021 for embezzlement, but left the country the following year US private equity investor Michael Calvey, who was convicted of fraud in Russia two years ago but left the country in 2022, has had his suspended sentence reduced in absentia, Russian media reported on Friday, citing a court statement. Moscow City Court commuted Calvey’s suspended term from 5.5 to 4.5 years following an appeal hearing. A sentence for Calvey’s French associate Philippe Delpal, convicted on the same charges – who left Russia at the same time as his colleague – was also redu
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