When Putin supports entrepreneurs in preventive detention

Correspondent in Moscow Five days after the arrest and placing in detention of five employees of the investment fund Baring Vostok, the French banker Philipp

When Putin supports entrepreneurs in preventive detention

Correspondent in Moscow

Five days after the arrest and placing in detention of five employees of the investment fund Baring Vostok, the French banker Philippe Delpal, president Vladimir Putin asked the security forces to "strictly limit the grounds to extend to repetition of periods of detention". "Honest businesses should not feel constantly threatened, constantly risking penalties or administrative sanctions", said Wednesday the head of the Kremlin on the occasion of his annual speech in front of the body consisting.

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The offensive against Baring Vostok is seen by the business community as an operation sponsored with the Russian security forces by a business leader close to the government, to be harmful to its shareholders competitors. "The guy is still behind bars and no one questions it for several months. The prosecutor is worried. They said to him: “The investigator was on vacation.” This is not eligible", has shown Vladimir Putin.

Philippe Delpal, head of financial services in Baring Vostok, a former BNP Paribas and Société générale, very respected in Moscow, and the head of the fund, the American Michael Calvey, are in detention pending trial until 13 April. Many of their supporters fear that this time limit is extended. The Russian president is customary for declarations to denounce the arbitrariness of which claim to be victims of the business leaders russians, without that the situation improves. According to the last balance sheet of the advisor of the SMES to the Kremlin, Boris Titov, 5200 business leaders of today would be in pretrial detention in Russia.

Updated Date: 21 February 2019, 00:00

Kathleen Lees

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