MOSCOW, February 11 (RAPSI) – Damages in the case brought against former Bank of Moscow president Andrei Borodin and his ex-first deputy, Dmitry Akulinin, reached 62 billion rubles (over $947 million at the current exchange rate), Kommersant newspaper reported on Wednesday.

Damages were previously assessed at 13 billion rubles ($198.6 million).

The decision to steeply increase the amount of damage was made public by the Moscow City Court’s appeals department after it heard a claim filed by the real estate company Benom-M, according to Kommersant. Its lawyers requested that the court reverse the decision of the Tverskoy District Court to arrest 21.6 million rubles (about $330,000) on the company’s account with the Bank of Moscow.

The appeals department adopted a decision to increase material damages and claims in this case to 62 billion rubles (over $947 million), Kommersant writes.

In late 2010, Russia launched a criminal case against Borodin and Akulinin on charges of large-scale fraud involving state funds. They were accused of lending $443 million to a shell company Premier Estate, which then transferred the funds to Yelena Baturina, the wife of former Moscow mayor Yury Luzhkov and the owner of the construction empire Inteco.

Borodin, whose Bank of Moscow was the main investment vehicle under Luzhkov, fled to the UK in 2011. The Tverskoy District Court issued an arrest warrant in absentia for Borodin and Akulinin in May 2011. In November 2011, the Russian Interpol bureau put them on the international wanted list. In March 2013, Borodin was granted political asylum in the UK.

Investigators claimed that the former bankers conducted illegal financial transactions in excess of 623 million rubles ($18 million).