MOSCOW, April 4 (RAPSI) – Tatfondbank has filed a motion with the Commercial Court of Tatarstan seeking to include 201.4 million rubles ($3.4 million) of debt owed by the former board chairman of the bank Robert Musin into the creditors’ demands list, the court ruling reads.

The motion will be reviewed on April 23.

On February 22, company Aida & D filed a claim with the court seeking to include 225.4 million (about $3.9 million) in the creditors’ demands list.

On February 2, the court initiated debt restructuring process against Musin on the 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 the accounts of 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.