MOSCOW, July 3 (RAPSI) – Ex-board chairman of Tatfondbank Robert Musin will stand trial on charges of abuse of office, the Investigative Committee’s press service reports Wednesday.

According to investigators, in December 2016, Musin siphoned liquid collateral security amounting to more than 20 billion rubles ($315 million) prior to the appointment of temporary administration in the troubled bank. Thus, he caused damage in the form of credit outstandings worth over 7 billion rubles to Tatfondbank, the statement reads. Over 19 billion rubles have not been returned, investigators claim.

There are 517 volumes in the case against Musin. Moreover, investigators believe that the defendant was involved in other crimes. The total damage caused by Musin’s actions is estimated at more than 53 billion rubles (nearly $835 million), according to the Investigative Committee.

The former banker is currently under house arrest. A court has seized his assets worth more than 4.2 billion rubles, the news release says.

On July 18, 2018, Musin was declared bankrupt.