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Michael Calvey: ‘I Don’t Want to Politicize’ Fraud Arrest

U.S investor is distancing himself from politics.

Michael Calvey Igor Ivanko / Moskva News Agency

U.S. investor Michael Calvey wants to steer away from the politicization of his detention on suspicion of multimillion dollar fraud in Russia, he told Russian tabloid Moskovsky Komsomolets in an interview.

“I don’t want to politicize this story and try to distance myself from everything that could lead to that,” Calvey told the Moskovsky Komsomolets tabloid on Monday.

Prosecutors have charged Calvey with 2.5 billion rubles ($38.8 million) in fraud along with three other executives from the Baring Vostok private equity group he founded. Calvey denies the allegations, saying the case is being used against him in a business dispute over a Russian bank in which he is a shareholder.

The authorities have denied his relatives phone calls or visitation rights and failed to deliver letters to and from his wife during his time  in detention, Calvey said. Nonetheless, Calvey vowed to continue investing in Russian companies despite the jailing that he criticized as “unfair.”

The interview came after reports that Baring Vostok has hired a Kremlin-linked law firm to fight Calvey’s charges.

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