MOSCOW, February 22 (RAPSI) – Russian company Aida & D has filed a claim with the Commercial Court of Tatarstan seeking to include 225.4 million (about $3.9 million) in the creditors’ demands list against former board chairman of Tatfondbank Robert Musin, the court’s ruling reads.

The claim will be considered on April 12.

On February 2, the court initiated debts restructure procedure against Musin on request of the Deposit Insurance Agency (DIA) representing interests of Tatfondbank. Overall, demands against Musin reach 16.7 million rubles (about $294,000).

Ex-chairman of the bank’s board is charged with large-scale fraud. According to investigators, in August 2016, employees of the bank provided false data to the Central bank to obtain credit and subsequently embezzle the funds. Later, money was transferred to accounts of the affiliated companies.

Investigators stated that the overall damage in criminal cases against Musin reaches 50 billion rubles (about $880.2 million).

On April 17, 2017, Tatfondbank was declared bankrupt.