MOSCOW, June 5 (RAPSI) – The Moscow Commercial Court has extended an asset inventory procedure against ex-president of Fundservicebank Alexander Volovnik for six months, according to court records.

Volovnik was declared bankrupt in December 2017. Earlier, the court initiated a debt restructuring procedure against him. Sberbank’s 150-million-ruble claim ($2.3 million) against the banker was included in the creditors’ list.

Ex-president of Fundservicebank is currently a defendant in a case over embezzlement and gang organizing as well as his former deputy Pyotr Ladonshchikov. They are held under house arrest.

According to investigation, Volovnik and Ladonshchikov are involved in embezzlement of more than 6 billion rubles ($92 million) deposited by Russia’s space agency Roscosmos in the bank. Investigators believe that they have granted firms non-performing loans, and the funds have been moved overseas.

The defendants have pleaded not guilty.