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Titov discussed the matter Calvey with the US Ambassador in Russia

Authorized under the RF President on protection of entrepreneurs ' rights Boris Titov during a telephone conversation with U.S. Ambassador John L. Sullivan discussed the protection of foreign business in Russia and the case of the founder of the investment Fund Baring Vostok, American Michael Calvey, reported the press service of the Ombudsman.

"The parties discussed the issues of protection of foreign businessmen in Russia, including criminal prosecution of the management of the investment Fund Baring Vostok and personally czars", - stated in the message.

He also noted the importance of relations between the two countries in the field of business and said that the Russian side is always open to new suggestions and possibilities, "despite the fact that in the current situation it is difficult to speak of any kind of investment."

Titov and Sullivan stated that the Ombudsman already long time maintains relations with the U.S. Embassy in Russia. "Over the years has built productive communication, and I hope we will continue this tradition," said the US Ambassador, who was quoted by the press service of Titov.

The investigation believes that Calvi, with business partner Philip Zelalem and "other unidentified persons" convinced the shareholders of the Bank "East" to vote for the conclusion of agreements on compensation, according to which instead of debt repayment "East" was transferred 59.9% of the shares of the company Internationl Financial Technology Group. They were valued at 3 billion rubles, while the real cost of 600 thousand, according to RF IC.

The independent examination conducted by an order of protection, came to different results. According to lawyers, the market value of the disputed block of securities is 600 thousand rubles, and 3.8 billion. None of the defendants in this case admitted guilt, now they and their defenders get acquainted with the materials of completed investigation.

Topic of criminal prosecution Calvey was repeatedly raised at the highest level. Last autumn it became known that at a business Breakfast with members of the Russian government this was stated by the representatives of the consultative Council on foreign investments. According to the latter, the situation is "not conducive" to improve the investment climate in the country.