MOSCOW, January 28 (RAPSI) – A criminal case against former CEO of Rosbank, Vladimir Golubkov, who was accused of commercial bribery, was closed in the late 2015, Vedomosti newspaper reported on Thursday.

According to the newspaper, a criminal case against Rosbank’s vice-president Tamara Polyanitsina is still being investigated.

Last May, the police arrested Golubkov, who had headed the bank since 2008, while he was accepting 5 million rubles ($137,149) as part of a larger $1.5 million kickback from the representative of a private company. The executive was allegedly trying to extort the money from Andrei Kovalyov, a former member of the Moscow city legislature and a rock musician, in order to restructure an $80 million debt.

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.