MOSCOW, June 4 (RAPSI) – Investigation into ex-Rosprombank president Sergey Salogubov charged with embezzlement has been completed, the Russian Investigative Committee’s press service reports.

The case has been forwarded to prosecutors for approving indictment.

According to investigators, in 2016, Salogubov and other managers of the bank conspired to embezzle assets of Rosprombank. From August to September 2016, one more top manager Olga Saberova and their accomplices concluded fictious claim assignment agreements, contracts of sale and agreements on compensation. Therefore, they stole bank’s assets worth over 730 million rubles (over $11 million) entrusted to Salogubov and caused large-scale damage to the bank, the Investigative Committee’s press service reports.

Salogubov is currently in detention. Saberova has been put on the international wanted list on embezzlement charges.

The Central Bank of Russia revoked the license of Rosprombank in September 2016 for failure to abide by banking legislation. In November 2016, the Moscow Commercial Court declared the financial organization bankrupt.