Russia charges US investor Michael Calvey with fraud

Russian investigators have charged US investor Michael Calvey with large-scale fraud, in a case that has further strained ties between the two nations.
Mr. Calvey, the founder of the Baring Vostok investment fund, is suspected of embezzling $38 million from a Russian bank.
Mr. Calvey, who was held last week with five other suspects, denies this.
The US embassy in Moscow said Russia was denying US diplomats access to Mr. Calvey, seven days after his arrest.

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