trending Market Intelligence /marketintelligence/en/news-insights/trending/jYrXZ8R3jBnxjMP9tc_KmA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: New suspect detained in Baring Vostok case

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Report: New suspect detained in Baring Vostok case

Russian law enforcement authorities detained Public Stock Co. Orient Express Bank's former investments director Alexander Tsakunov over suspected large-scale fraud and embezzlement of funds from the lender, Vedomosti reported Dec. 20.

Tsakunov, who has been placed under house arrest until Jan. 13, is the seventh person detained as part of the ongoing investigation into the alleged theft of 2.5 billion rubles from Orient Express Bank, with Baring Vostok Capital Partners Ltd. founder Michael Calvey and five other executives detained earlier in 2019.

Calvey, who also remains under house arrest, has repeatedly denied any wrongdoing, claiming that the accusations are part of a corporate dispute between Orient Express Bank's former controlling shareholder Baring Vostok and current controlling shareholder Russian businessman Artem Avetisyan, who has controlled the lender since June.

As of Dec. 20, US$1 was equivalent to 62.23 Russian rubles.