MOSCOW, March 30 - RAPSI. The Moscow Commercial Court will hear on May 24 the International Fund Bank's defamation lawsuit against the lifenews.ru portal.

Media reported that police are searching for a bank employee on suspicion of stealing almost 26 million rubles.

The lawsuit was filed against News Media, the founder of the portal. The bank seeks a court order to force lifenews.ru to refute the information and erase it from its website.
The bank sued the company for a defamatory article published on September 15, 2011.

The articled said a bank employee fled with $850k brought by a client who wanted to exchange the money.

The International Fund Bank was founded in November 1993. In 2002, the bank entered the stock exchange after obtaining a license for brokerage, dealership and depository activities and securities management. It is a member of the deposit insurance system.

The bank handles deposit activities, currency operations and stock operations.