MOSCOW, June 27 (RAPSI) – The Moscow Commercial Court will hear the Deposit Insurance Agency’s 3.6-billion-ruble claim against ex-owner of the Russian Credit bank Anatoly Motylev and four other top managers of the financial organization, according to court records.

The state corporation seeks to recover damages from the bankers.

The lawsuit will be considered on September 9.

In May, the Moscow District Commercial Court upheld lower courts’ refusal to seize assets worth 3.9 billion rubles (about $60 million) from Motylev. Moreover, a similar DIA’s claim in the amount from 5.5 to 6.5 billion rubles in relation to four other managers of the bank was also rejected.

The motions have been lodged as part of the DIA’s demand to collect damages worth over 12 billion rubles from the former Russian Credit top managers. According to the applicant, the defendants have granted loans to companies, which have not had adequate return and property to service debts.

Russian Credit was declared bankrupt in October 2015.

In May 2018, the bank filed a claim to include nearly 33.3 billion rubles (about $500 million) in the creditors’ demands list against former head of the banking group Motylev.

Motylev, who currently lives abroad, is a former owner of several Russian banks including Russian Credit, M Bank, AMB B and Tulsky Industrialist. In July 2015, the Central Bank of Russia revoked licenses of the financial organizations.