MOSCOW, December 19 (RAPSI) - The investigation has brought final charges against former Rosbank board chairman Vladimir Golubkov regarding corrupt business practices, according to official spokesman of the Investigative Committee Vladimir Markin.

The former top manager is facing a fine to the sum total of the 70 bribes he received, or a prison term of up to seven years and a heavy fine.

Last May, the police arrested Golubkov, a Rosbank top manager since 2008, as he was accepting 5 million rubles, allegedly part of a much bigger payment ($1.5 million). The investigation found that Golubkov extorted the money from former member of the Moscow City Duma and rock musician Andrei Kovalyov for loan restructuring.

Rosbank is a private universal bank within the Societe Generale banking group. It provides banking services to private and corporate clients and has over 600 offices in 340 cities and towns across Russia. It is one of Russia's top 10 banks in terms of assets.