Baring Vostok Capital Partners (BVCP) announces that following appeal hearings regarding the pre-trial detention of BVCP Investment Director Ivan Zyuzin and Partner Phillipe Delpal, the Moscow Municipal Court (MosGorSud) rejected a motion to amend the detention of Ivan Zyuzin, while Phillipe Delpal’s hearings were rescheduled to 1 March. BVCP intends to appeal the court’s decision regarding Ivan Zyuzin in higher courts.
We are convinced that our employees have acted properly and will defend their rights. We do not agree with the charges that have been brought against them.
For 25 years Baring Vostok funds have made a significant contribution to Russia’s sustainable economic development by investing in Russian companies, many of which have become leaders in their sectors and have successfully entered international markets. In just the last three years, Baring Vostok funds have invested more than USD 900 million into Russian companies, and they continue to operate today.
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