MOSCOW, April 25 (RAPSI) – A criminal case over $3.3-billion-ruble (over $51 million) embezzlement from Eurocommerce Bank has been forwarded to Moscow’s Ostankinsky District Court for hearing, the press service of the Russian Prosecutor General’s Office reports.

The defendant is an acting chairman of Eurocommerce board.

According to investigators, the top manager decided to steal the bank’s funds when became aware of the revocation of the financial organization’s license. He made fraudulent deals and concluded sham account dealing contracts.

As a result, the defendant embezzled over 3 million rubles.