MOSCOW, April 19 (RAPSI) – The Moscow Commercial Court has rejected a motion filed by the former vice-president of the Financial Corporation Otkritie Gennady Zhuzhlev seeking to dismiss a claim to recover 43.5 million rubles (about $700,000) from him without prejudice, according to court records.

The hearing on the money collection has been postponed until May 29.

Earlier in April, the court dismissed the bank’s demand to collect 40 million rubles (over $600,000) from former top manager of Otkritie Constantine Chigirev.

In August 2018, the bank lodged several claims against nine ex-managers including the former senior vice-president of Otkritie Nikolay Yarovoy, ex-board members Yelena Budnik and Tatyana Serebrennikova. The bank sought to invalidate certain deals and recover the money from the defendants.

On March 6, the court refused to invalidate a deal over an allegedly illegal bonus payment and collect 30 million rubles (about $500,000) from the former bank’s vice-president, security chief Sergey Babkin, upon the bank’s petition. Otkritie appealed against the commercial court’s ruling.

On August 29, 2017, the Central Bank of Russia imposed temporary administration in Otkritie Bank. However, it was reported that the bank would continue work in the ordinary course.

Otkritie Bank was founded in December 1992.  It is one of Russia’s top major banks and is a systemically important institution. Otkritie Bank has 364 offices, located in 55 constituent entities of Russia, according to the financial organization’s website.