“Seven months after the arrest, in the absence of any active investigative actions, the court decided to arrest the apartments in which the wives and minor children of our colleagues live ...”, the statement said.

The press service also called on the investigation to “stop the criminal prosecution, and not ask for the arrest of accounts and property”.

The investment fund said they consider their colleagues innocent.

According to investigators, the founder of Baring Vostok, Michael Calvey, and five other people are suspected of fraud on an especially large scale with damage of 2.5 billion rubles.

In August, the court softened the conditions of Michael Calvey's house arrest.