MOSCOW. March 24 (Interfax) - Michael Calvey, founder of the investment company, and Baring Vostok Chief Operating Officer Philippe Delpal have left Russia, an informed source told Interfax.
"Michael Calvey and Philippe Delpal left for their countries as soon as their restraining measures were lifted," the source said.
On Friday, the Moscow City Court is expected to hear an appeal contesting the conviction in the Vostochny Bank embezzlement case, in which seven people, among them Calvey and Delpal, were sentenced.
Calvey and Delpal, a citizen of France, earlier appealed their sentence, asking the Moscow City Court to overturn the sentence and acquit them.
On August 6, 2021, Moscow's Meshchansky District Court ruled to give various suspended sentences to seven defendants in the Baring Vostok case.
Calvey received a suspended prison term of five years and six months, Delpal was sentenced to four and half years suspended term. Baring Vostok's Director for Investment Ivan Zyuzin got a five-year suspended sentence, the company's partner Vagan Abgaryan, was sentenced to four years and six months, suspended, the former general director of Pervoye Kollektorskoye Buro (PKB) Maxim Vladimirov, to four years (suspended); Vostochny Bank ex-director for investment Alexander Tsakunov, four years, suspended; and the bank's former chief executive Alexei Kordichev, to three years and six months, suspended.
At the same time, the court set a five-year probation period for each of them during which a convict is required by the law to prove they have been reformed through good behavior.
The persons implicated in the Baring Vostok case were found guilty of embezzling 2.5 billion rubles of Vostochny Bank's funds. None of them pleaded guilty.
Calvey said after the sentence was pronounced that the court failed to get to the bottom of the case and repeated the state prosecutor's version.
"There were literally hundreds of pieces of evidence submitted to court proving that my colleagues and I acted entirely legally and in the interests of Vostochny Bank. The fact that no crime was committed is confirmed both by the case materials and by all witnesses who have been interviewed. Even the prosecutor has admitted that," Calvey said.
It is outrageous "to be convicted of a crime that never took place," he said.