MOSCOW, November 21 (RAPSI) – The Moscow Commercial Court has granted a lawsuit by Sberbank seeking to include a 196 million-ruble ($3 million) debt of founder of one of the largest federal chains of real estate agencies in Russia MIEL Group, Grigory Kulikov, who stands charged with multi-million embezzlement, on the list of creditors' claims, according to court records.

In mid-June, the Moscow Commercial Court declared Kulikov bankrupt.

Bankruptcy procedure has been initiated against Kulikov as an individual entrepreneur. Later all assets belonging to the businessman must be sold out and the raised funds should be returned to creditors.

In early June, Kulikov was arrested in Latvia by request of the Russian General Prosecutor’s Office. He faces extradition to Russia.

Russian investigators allege that Kulikov is responsible for large scale embezzlement of funds from the investors of elite settlement “Barvikha-Village”. The cost of the settlement, according to MIEL Group, is estimated at 4.17 billion rubles ($64 million). Main investigative Directorate of Moscow police charged Kulikov in absentia. Later Kulikov was arrested in absentia. He was put on the Interpol international wanted list.