MOSCOW, July 23 (RAPSI) – Russian billionaire Gleb Fetisov suspected of embezzling more than 6 billion rubles (over $105 million) from a bank he owned, asked prosecutors to drop charges against him, Fetisov's lawyer, Igor Dunayev, told RAPSI on Thursday.

There is no evidence against Fetisov, according to Dunayev. He claims that the criminal case was falsified.

The attorneys have finished reading the case materials, which they had until July 22 to do. In the next few days, Fetisov’s case will be forwarded to the prosecutor’s office for the formulation of an indictment and sent to court.

In late February 2014, Fetisov, who is ranked by Forbes as one of Russia’s richest men with a personal wealth of $1.4 billion, was arrested for embezzling funds from My Bank, which he owned, and for failing to honor 6.5 billion rubles ($109 million) worth of commitments to the bank’s clients.

In November 2013, Fetisov decided to sell his 90 percent stake in the bank.

The Central Bank of Russia revoked My Bank’s license in January 2014 for failing to honor its credit obligations and false reporting. The Central Bank also filed a request with the Investigative Committee for an inquiry into the business activities of Fetisov and a number of former managers at the bank.

The request mentioned loan agreements that My Bank had signed over the past three years with alleged dummy companies, as well as potentially irretrievable investments in assets and securities.

Fetisov, who has pleaded not guilty, has paid the Deposit Insurance Agency over 14 billion rubles ($235 million). He claims that is enough to repay the debts to the bank’s clients.