Travel News

Russia softens stance in foreign investor case, frees Frenchman

Partner in the Baring Vostok private equity group Philippe Delpal, who was detained on suspicion of fraud, is escorted inside a court building in Moscow, Russia February 15, 2019. REUTERS/Tatyana Makeyeva

MOSCOW (Reuters) – Russia softened its stance in a high-profile legal standoff that has shaken foreign investors when a court on Thursday freed jailed French private equity executive Philippe Delpal from custody and placed him under house arrest instead.

Delpal was one of several executives at private equity group Baring Vostok, including U.S. citizen Michael Calvey, who were detained in…

Read More

Join The Discussion