American investment guru Calvey handed 5.5-year suspended jail term in Russia for fraud as controversial case comes to an end ...News

US-born financier Michael Calvey has been handed a 5.5-year suspended prison sentence in Russia for embezzlement, after a judge found he and his colleagues conspired to pocket tens of millions of dollars in a high-profile ruling. The investor, who founded one of Russia's largest investment funds, was handed the sentence at a hearing of the Meshchansky Court in Moscow on Friday. Under its terms, he will have to remain in the country and report regularly to the authorities. Failing to comply with the terms could see the businessman put behind bars. Also on rt.com Russian court

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