Russian fund chief appeals to free jailed US investor

The head of Russia's sovereign wealth fund has appealed to a court in Moscow to move U.S. investor Michael Calvey and several other detained executives of the Baring Vostok private equity group to house arrest, the fund said on Thursday.

Calvey, a U.S. citizen, and several other senior executives were arrested last week on suspicion of defrauding Vostochny Bank shareholders. They deny the allegations and say the case is being used to apply pressure in a business dispute.

Calvey is currently being held in pre-trial detention.