A Moscow district court has ordered the detention of the founder and senior partner of Baring Vostok private equity, as part of an ongoing inquiry into fraud allegations. Other employees were also taken into custody.
Michael Calvey, a US citizen, was detained in the Russian capital on Friday along with other Baring Vostok associates, Vagan Abgaryan, Philippe Delpal, and Ivan Zyuzin, the firm said in a statement. It said the arrests have nothing to do with the company’s activities but relate to a dispute around Russia’s Vostochny Bank.
Today is a record moment in US history. The total national debt has surpassed $22 trillion for the first time ever.
The runaway mountain of debt is a terrifying reminder of how fragile the fiat monetary system is. If you want to watch it pile up in real time, visit the US debt clock. It’s a sobering vision of a system out of control.
«Profits are better than wages. Wages make you a living, Profits make you a fortune.»
💬 Jim Rohn
Briefly about the main events of the day
🔴 London bankers will need ‘chaperones’ for EU clients under no-deal Brexit.
🔴 Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber.
🔴 Automakers brace for U.S. government report on import tariffs.
🔴 HNA cuts stake in Deutsche Bank to 6.3 percent – SEC filing.
🔴 Mattel warns of weak 2019, shares drop most in 20 years.
🔴 Citigroup CEO gets $24 million as compensation in 2018.
🔴 Oil rises over 2 percent to 2019 highs on tightening supplies.