MOSCOW, Aug 7 — A Russian court yesterday handed US investor Michael Calvey and French banker Philippe Delpal suspended sentences after convicting them of embezzlement in a high-profile case that has rattled the country’s business community.
Delpal, who spent six months in jail before he was put under house arrest, received a four-and-a-half year suspended sentence, according to an AFP reporter in Moscow’s Meshchansky district court.Five Russian associates who said they were innocent also received suspended sentences of between three-and-a-half years and five years.
“Compared to most cases, receiving a suspended sentence is already almost a victory. But on the other hand, it is simply outrageous to be convicted of a crime that never happened,” he said in English.Delpal, 48, said he would appeal. Baring Vostok used to be a major shareholder in Vostochny Bank, and defendants in the case insisted it was fabricated in an attempt by minority shareholders to gain full control of the bank.“Vostochny Bank was the only beneficiary of all transactions, as evidenced by the financial documents attached to the case file and the testimony of all witnesses,” the statement said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US seizes record US$1.4b worth of drugs | Malay MailMIAMI, Aug 6 — The US Coast Guard announced Thursday it had seized about US$1.4 billion (RM5.9 billion) worth of cocaine and cannabis during several operations. “This is the largest illicit drug offload in Coast Guard history,” said Commander Steve Poulin during a press conference in Port...
Source: malaymail - 🏆 1. / 86 Read more »
Pentagon: US approves potential sales of howitzers to Taiwan | Malay MailWASHINGTON, Aug 5 ― The US State Department approved the potential sale of 40 155mm M109A6 Medium Self-Propelled Howitzer artillery systems to Taiwan in a deal valued at up to US$750 million (RM3.16 billion), the Pentagon said yesterday. This comes after a series of arms sales last year that...
Source: malaymail - 🏆 1. / 86 Read more »
US rock band The Offspring drops drummer for refusing to be vaccinated | Malay MailKUALA LUMPUR, Aug 5 ― American rock band The Offspring have dropped their drummer from the band for refusing to be vaccinated. The announcement came from drummer Pete Parada himself who shared the statement via his Instagram. “Since I am unable to comply with what is increasingly becoming an...
Source: malaymail - 🏆 1. / 86 Read more »
Charlie Watts drops out of Rolling Stones’ upcoming US tour | Malay MailNEW YORK, Aug 5 ― Rolling Stones’ drummer Charlie Watts might not be a part of the band’s upcoming US tour, which was postponed to this year because of the pandemic, as he is recovering from a medical procedure. A statement from Watts’ spokesman on Wednesday said that the drummer’s...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit ends higher versus US dollar | Malay MailKUALA LUMPUR, Aug 5 — The ringgit was slightly higher against the US dollar at the close today, coinciding with the gains seen in the Brent crude oil price amid the tensions in the Middle East. At 6pm, the local note stood at 4.2140/2190 versus the greenback compared to 4.2180/2230 at...
Source: malaymail - 🏆 1. / 86 Read more »
Biden offers Hong Kongers in US safe haven | Malay MailWASHINGTON, Aug 5 — President Joe Biden announced today that Hong Kong citizens currently in the United States who fear for their safety amid the political crackdown back home will receive temporary safe haven. Biden said the move recognises “the significant erosion” of rights and freedoms in... It takes Zulqarnain AS 6 years to build the iron wall on the opening of the cave that leads to Yajuj and Majuj. Yajuj Majuj are released, after the worst war of mankind takes place against Dajjal. These and many other predictions of the future are in Muhammad Qasim’s Dreams. Allah akan membantu Pakistan dengan rahmat-Nya dengan pesawat Jet hitam untuk menaklukkan India di Ghazwa-e-Hind dan merebut kembali negara-negara Muslim yang hilang. Apa pesawat jet hitam ini? Bendera hitam Khurasan?
Source: malaymail - 🏆 1. / 86 Read more »