MOSCOW, August 13 (RAPSI) – The Moscow City Court has upheld seizure of three bank accounts belonging to Oleg Smetanin, the former bankruptcy commissioner of several Rosneft subsidiaries, charged with embezzlement of 300 million rubles ($5.3 million), lawyer Eduard Geraskin has told RAPSI.

In June, a court ruled to seize 1.6 million rubles ($23,500) located on Smetanin’s accounts in Promsvyazbank.

Investigators believe that Smetanin and other defendant Sergey Bogdanov have forged some documents; as a result, a paper debt amounting to 3.2 billion rubles (about $ 57 million at the current exchange rate) has been registered with a Rosneft subsidiary. According to Russia’s Interior Ministry press-service, the defendants used the forged documents to transfer 300 million rubles to the accounts of a dummy company. Later, they cashed out and embezzled the money, the press-service noted.

Both Smetanin and Bogdanov are charged with embezzlement.