MOSCOW, July 3 (RAPSI) – Several current and former employees of Russia’s largest bank Sberbank have been arrested on suspicion of fraud and embezzlement, the press-service of the Interior Ministry’s main directorate for St. Petersburg has told RAPSI.

According to the ministry’s representatives, nine persons were arrested in St. Petersburg and Nizhny Novgorod on suspicion of embezzling $700,000 from the bank account of a local resident.

The case documents indicate that one of the suspects, pretending to be an owner of a Sberbank’s account, presented false documents and asked an operator to transfer the victim’s money to another bank account. She also asked to prepare special deposit certificates valued at 40 million rubles for cashing them out later.

The certificates were presented at two of the bank’s offices in St. Petersburg. In one of them money was indeed provided. Investigators believe that the former employee of Sberbank is one of the organizers of this crime and that she induced managers of the bank’s offices to join her.