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Russia’s First Deputy PM commented on detention of Baring Vostok founder

Anton Siluanov recalled that the "laws should not be violated"

SOCHI, February 15. /TASS/. First Deputy Prime Minister and Finance Minister of Russia Anton Siluanov made a comment on detention of Michael Calvey, the founder and the managing partner of Baring Vostok private equity firm, earlier today.

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"If this is fraud, then what can be said about it. Laws should not be violated. This should be merely sorted out. Nobody should breach the law, be it a foreigner or a Russian national. There is no difference," Siluanov told reporters.

Earlier on Friday, the company reported that four employees of Baring Vostok, including Calvey, were detained as part of a dispute over Vostochny Express Bank.

Baring Vostok is one of the largest private equity firms focusing on Russia and the CIS with a capital of $3.7 bln.

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