Baring Vostok founder Michael Calvey was found guilty in 2021 of embezzling several million dollars in Russia The suspended sentence of US private-equity investor and Baring Vostok founder Michael Calvey has been reduced by two months after an appeal, Interfax reported on Thursday, citing a court ruling. Calvey was convicted in 2021 of embezzlement and given a 5.5-year suspended sentence, which in 2022 was reduced to 4.5 years. In light of his most recent appeal, meanwhile, his sentence was commuted by another two months to four years and four months, the outlet said, citing a statement from the Moscow appeals
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