MOSCOW, July 10 (RAPSI) – The Moscow Commercial Court has put filed a 289.5-billion-ruble claim lodged by Otkritie Bank against five former top managers of the financial corporation on hold, according to court records.

The bank seeks to collect the money from a co-founder of the financial group Vadim Belyaev, board chairman Eugeny Dankevich, vice-president Gennady Zhuzhlev, bank president Ruben Aganbegyan and ex-board member Yelena Budnik.

A reason for the application’s suspension has not been disclosed.

In August 2018, the bank lodged several other 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 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.