MOSCOW—A Moscow district court Friday agreed to extend to Saturday the preliminary detention of the American founder of a private equity group held on suspicion of fraud, an incident that could rattle potential foreign investors and add to already strained ties between the U.S. and Russia. Michael Calvey, founder and senior partner at Baring Vostok Capital Partners, was held along with three other employees, according to a statement from the investment company.

Source: Wall Street Journal February 15, 2019 16:18 UTC