MOSCOW, May 17 (RAPSI) – Ex-top managers of DS-Bank charged with embezzlement with the use of job position will go on trial, according to a news release published on the website of Russia’s Prosecutor General’s Office.

Indictment has been approved against several defendants including ex-bank president Fyodor Tsyrulnik, acting board chairman Igor Sinyukhin and ex-lending management chief Alexander Vdovin. The case will be considered by Moscow’s Tagansky District Court.

According to investigators, in April 2016, members of an organized criminal group consisting of DS-Bank’s top managers and employees, being aware of banking violations and imminent revocation of the bank’s license, transferred 585 million rubles ($9 million) to sham companies. This sum constituted the entirety of the bank’s correspondent account.

Shortly before this move alleged criminals cancelled processing of client-oriented banking operations under the pretense of experiencing technical difficulties, investigators added, noting that the bank’s servers were damaged while all documents and registries were transported away from the office.

DS-Bank’s license was revoked in May 2016.