MOSCOW, June 22 (RAPSI) - Andrzej Malchevsky, founder of Mosoblbank, the country's 83rd largest bank by assets, and Yulia Zedina, former Deputy Chairwoman of the Board at the bank, who stand accused of embezzling 70 billion rubles ($1.3 bln), appeal their detention, RAPSI learnt in Moscow’s Tverskoy District Court on Monday.

On June 18, the court ordered the detention of Malchevsky and Zedina until August 16.

Two other defendants, the former co-owner of Mosoblbank, Alexander Malchevsky, and First Deputy Chairman of the bank’s Board Dmitry Vasilyev have been put on the federal wanted list.

According to the Interior Ministry, Mosoblbank’s former owner and several other employees carried out fraudulent transactions with personal and corporate accounts. The police claim they misled the staff of the Central Bank by providing false reports that did not include individuals’ accounts on the bank balance sheet and used them at their own discretion.

As a result, Mosoblbank caused damage totaling at least 70 billion rubles ($1.3 billion), by Interior Ministry estimates.