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Alleged accomplice in Baring Vostok case confesses guilt, testifies against other defendants

As the American investor Michael Calvey was transferred today from jail to house arrest, news broke that another defendant in the case against Calvey has confessed to the charges against him. Alexey Kordichev, the former head of Vostochny Bank, also gave testimony against those charged with him in the Baring Vostok case, RIA Novosti reported. Kordichev’s admission of guilt came to light when he petitioned to be transferred to house arrest. Moscow’s Basmanny Court approved his petition.