MOSCOW, July 10 (RAPSI) – The Moscow City Court on Wednesday dismissed an appeal filed by businessman Vasily Boiko-Veliky against his detention in the Credit-Express bank embezzlement case, RAPSI reported from the courtroom.

Thus, he will stay jailed until August 19.

According to the Investigative Committee, other defendants in the case along with the businessman are bank director Alla Kabanova, chief accountant Maria Antonova and four other employees of Credit-Express Anastasia Novotnaya, Egor Pikhtin, Elena Chuyeva and Natalya Tsipinova.

They have allegedly embezzled over 180 million rubles ($2.8 million) and $929,000. Investigators have detected 31 counts of embezzlement, the statement reads.

Moreover, investigators are checking facts of withdrawal of assets by granting unsecured and loss loans to legal entities, according to the news release.

Boiko-Veliky pleads not guilty.