MOSCOW, November 30 (RAPSI) – The Moscow Commercial Court has extended by six months a bankruptcy procedure against former president of Vneshprombank Larisa Markus previously convicted of fraud, the court’s ruling reads.

According to the temporary manager of the debtor’s property Alexander Krylov, some required activities related to the bankruptcy are yet to be completed.

In December 2017, the Ninth Commercial Court of Appeals included a 113.5- billion-ruble (about $2 billion) debt of Markus in the list of creditors' claims on the request of Vneshprombank.

In October of the same year, the Moscow Commercial Court dismissed the claim lodged by Vneshprombank. The appeals court therefore overturned the ruling.

In May 2017, Markus was sentenced to 9 years in prison for embezzling 113.5 billion rubles and later was declared bankrupt on the request of VTB24 bank. In August, her sentence was reduced by 6 months.

Investigators believe that Markus along with her brother Georgy Bedzhamov, who once co-owned Vneshprombank, created an organized crime group to siphon money from the bank. The group including former vice-president of the bank Yekaterina Glushakova allegedly granted loans to sub-companies and did not refund money to Vneshprombank. Allegedly, from May 2009 to December 2015, conspirators managed to embezzle about 114 billion rubles.

Glushakova has been sentenced to 4 years in prison. Bedzhamov has been put on the international wanted list. An arrest warrant has been issued for him in absentia.