Michael Calvey’s sentence reduced after pleading guilty
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American Michael Calvey’s sentence was reduced after pleading guilty
The founder of the investment company Baring Vostok, an American citizen, Michael Calvey, pleaded guilty in a criminal case for the theft of 2.5 billion rubles. Vostochny Bank. As the press service of the Second Cassation Court of General Jurisdiction informed, the suspended sentence assigned to the US citizen was reduced by two months.
Taking into account additionally established mitigating circumstances, as well as a full admission of guilt and repentance for what he had done, the judicial panel for criminal cases commuted the American’s sentence of imprisonment by two months. Now the term will be four years and four months probation.
Neither during the investigation nor during the trial did Calvey previously admit guilt.
On August 6, 2021, the Meshchansky Court of Moscow sentenced him to 5.5 years of suspended imprisonment for embezzlement. In 2022, the Moscow City Court commuted the sentence to 4.5 years with a probationary period of four years.
Calvey, as previously reported, left the Russian Federation.
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