MOSCOW, March 11 (RAPSI) – The Investigative Committee of Russia on Monday asked Moscow’s Basmanny District Court to arrest ex-president of Otkritie Bank Eugeny Dankevich in absentia as part of a 34-billion-ruble embezzlement case ($515 million), the court’s spokesperson Yunona Tsareva told RAPSI.

The pendency time has not been set yet, the court’s representative said.

The former banker stands charged with large-scale embezzlement. 

Reportedly, in the summer of 2017, Dankevich conspired with top managers of two bank’s borrowing companies and retired the firms’ bonds for 34 billion rubles knowing that their actual cost was one half as high.