MOSCOW, November 20 - RAPSI. The Ninth Commercial Court of Appeals has dismissed an appeal of Alexei Frenkel, who was convicted of the murder of Central Bank Deputy Board Chairman Andrei Kozlov, against the court's refusal to reconsider the lawsuit on the recovery of $572,530 from the Deposit Insurance Agency and the Investigative Committee, the court told the Russian Legal Information Agency (RAPSI/ on Tuesday.

The Ninth Commercial Court of Appeals has dismissed an appeal launched by convicted murderer Alexei Frenkel challenging the court's earlier decision not to reconsider his $572,530 claim against Russian investigative authorities and his victim's business, the court told the Russian Legal Information Agency (RAPSI/ on Tuesday.

Frenkel was convicted of murdering Deputy Board Chairman Andrei Kozlov.

Frenkel failed to attend the hearing on Tuesday.

The appeal disputed the Moscow Commercial Court's June 6 ruling, which dismissed Frenkel's statement of civil claims against Russia's Investigative Committee and the Deposit Insurance Agency, which Kozlov founded. The decision was due to Frenkel's failure to submit the necessary documents.

The Moscow City Court sentenced Frenkel to 19 years behind bars on November 13, 2008. He was also ordered to pay 10 million rubles ($318,070) to Kozlov's father.

In addition to founding the Deposit Insurance Agency, Kozlov headed the Central Bank's supervisory division. His responsibilities included selecting banks for the deposit insurance system and revoking banking licenses. The attempt on Kozlov's life took place on September 13, 2006. Kozlov and his driver were shot. His driver died on the spot, while Kozlov died in hospital the next morning.

Frenkel was the chairman of VIP Bank. His bank forfeited its license in 2006 for multiple violations of money-laundering legislation. According to the case records, Frenkel was also associated with the establishment of Sodbusinessbank, which also lost its license.

In the jury's view, the investigators managed to prove that Kozlov's role in revoking banking licenses inflicted multimillion dollar losses. The case records read that Frenkel paid $300,000 for Kozlov's murder. Out of this, the killers received between $3,000 and $8,500, while the intermediaries received $80,000 or more.

The Deposit Insurance Agency, established in January 2004, pays out compensation to depositors for deposits at insured events, keeps a register of banks participating in the deposit insurance system, controls the formation of the deposit insurance fund, including by contributions from banks, and controls the means of the deposit insurance fund.

Central Bank is the main state bank. It was established in July 1990.