Story today in Financial Times, London:
BARING VOSTOCK ASKS PUTIN TO INTERVENE AFTER US INVESTOR DETAINED.
Russian based private investor group Baring Vostock appealed today for President Vladimir Putin to intervene in a criminal investigation into its US founder Michael Calvey ad other executives.
Prosecutors last week formally charged Calvey, the founder of Baring Vostock, and several other of its executives, with fraud after detaining them earlier this month.
Calvey and the others deny wrongdoing and say the case is being used to exert pressure in a business dispute.
Does anyone know any more about this? And given they are the major shareholder, is there likely to be any impact on TIG ?
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