MOSCOW, February 22 - RAPSI. Investigators have opened another case against former Bank of Moscow President Andrei Borodin and and his deputy Dmitry Akulinin on suspicion of stealing over $225 million, the Interior Ministry's Investigative Department reports on Wednesday.

"Investigators maintain that the individuals used their office to arrange the remittance of no less than 7.8 billion rubles ($262 million) from the bank's account to Cyprus-based companies under their control between 2008 and 2010," the department reports in a press release. "The Bank of Moscow received back as little as 1.1 billion rubles ($37 million)."

The remaining amount was misappropriated by the suspects, according to the department.

The bank told the Prime news agency that the questionable transactions were uncovered during internal audits.