MOSCOW, October 15 - RAPSI. The Moscow Commercial Court has registered the Bank of Moscow's application for TD Ramenskaya's bankruptcy, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com) Monday.

The company was previously owned by Yelena Baturina, Russia's richest woman and the wife of former Moscow Mayor Yuri Luzhkov.

A hearing date for the bankruptcy application has yet to be scheduled.

TD Ramenskaya, which owned a 58-hectare land plot in Moscow, recently became the subject of a scandal over a 13 billion ruble ($420 million) loan provided by the Bank of Moscow to the Premier Estate company, which was established by Cypriot companies in 2009.

Commercial courts have established that Premier Estate used the loan to buy shares in TD Ramenskaya.

The Moscow Commercial Court ruled to collect for the bank 13.543 billion rubles ($437 million) from Premier Estate and TD Ramenskaya, which acted as the loan guarantor.

A criminal case was opened against former Bank of Moscow President Andrey Borodin and his deputy Dmitry Akulinin in late 2010. They were charged with defrauding the Moscow budget of $430 million. The bank provided the funds to Premier Estate, which used them to purchase the land from TD Ramenskaya.

Before providing the loan, the bank issued an additional $500 million in shares, which were fully purchased by the Moscow government as one of the bank's major shareholders.

Investigators maintain that the bank's employees were aware of the unreliability of the information disclosed about the pledge that was supposed to back the loan, but deceived the bank's management.

Meanwhile, Inteco, which also previously belonged to Baturina, insisted that the transaction was lawful.