Russia extends house arrest of US investor Calvey and French exec Delpal A Moscow court extends the house arrest of prominent US investor Michael Calvey and a French senior executive at his fund who are accused of defrauding a Russian bank. The arrests of Calvey, the founder of multi-billion-dollar investment fund Baring Vostok, and French banker Philippe Delpal have raised serious concerns among foreign investors in Russia. Moscow's Basmanny district court extended their house arrest to January 13, 2020, when their next hearing is due. Calvey, Delpal and three other suspects are alleged to have defrauded Vostochny Bank of 2.5 billion rubles ($38.7 million) -- charges they say were fabricated by a competitor and relate to a shareholder dispute. IMAGES of the court hearing AND SOUNDBITE of Philippe Delpal's wife