Russian investigator wants US investor to be kept in country for longer period

Russia's Investigative Committee has asked Moscow's Basmanny district court to extend the house arrest of U.S. investor Michael Calvey until July 14, the court said in a statement on Thursday.

The court released Calvey earlier on Thursday after two months in jail and placed him under house arrest until Saturday, softening his treatment in a fraud case that has rattled investors.

Calvey, the founder of the Baring Vostok private equity group, was detained in February pending a trial on embezzlement charges that he denies and that he says are being used to pressure him in a corporate dispute over the control of a Russian bank.