MOSCOW, June 8 (RAPSI) – VTB24 bank has filed with the Moscow Commercial Court a claim for bankruptcy of former Vneshprombank president Larisa Markus who stands charged with embezzlement, RAPSI learnt in the court on Wednesday.

The claim will be considered on July 5.

According to investigators, in 2013 Markus along with her accomplices created an organized criminal group to embezzle the bank’s funds. They allegedly granted loans to sub-companies and did not refund money to the bank. Investigators claim that the group embezzled 932.1 million rubles ($14.3 million). Markus, who is currently in detention, faces up to 10 years in prison if convicted.

Vneshprombank is number 40 in RIA Rating’s ranking of Russian banks by assets, as of January 1, 2016.

On December 18, the Central Bank appointed a temporary administration in Vneshprombank for six months to appraise its financial performance. It was revealed that massive transactions had been conducted to transfer assets out of the bank.

In March, the Moscow Commercial Court declared Vneshprombank bankrupt.