MOSCOW, October 26 (RAPSI) — The Moscow City Court has upheld the detention of Sberbank managing director Eugeny Zak, a defendant in the case against ex-Deputy Minister of Education and Sberbank vice-president Marina Rakova, the court's press service informs RAPSI.

By its decision, the upper court left an earlier ruling of the Moscow Tverskoy District Court unchanged, the RAPSI interlocutor said.

Zak stands charged with large-scale fraud.

Among the defendants in this case there are ex-employee of the Federal State Autonomous Institution The Fund for New Forms of Education Development Maxim Inkin, the rector of the Moscow Higher School of Social and Economic Sciences Sergey Zuyev, as well executive director of the Moscow School of Social and Economic Sciences Christina Kryuchkova. 

Investigators allege that about 50 million rubles ($700,000) were embezzled in the course of implementation of state contracts in the field of education, concluded with the participation of Rakova in 2019, who at that time held the post of deputy head of the Ministry of Education.