MOSCOW, July 25 (RAPSI) – Property items in the amount of 289.5 billion rubles (over $4.5 billion) owned by five former top managers of Otkritie Bank have been impounded by court order, RAPSI has learnt in the Moscow Commercial Court.

A demand to seize the assets has been lodged as part of a bank’s claim to recover this sum from the defendants. The defendants are one of the founders of the financial group Otkritie Vadim Belyayev, board chair Eugeny Dankevich, vice-president Gennady Zhuzhlev, ank president Ruben Aganbegyan and ex-board member Yelena Budnik.

On August 29, 2017, the Central Bank of Russia imposed temporary administration in Otkritie Bank. However, it was reported that the bank would continue work in the ordinary course.

Otkritie Bank was founded in December 1992.  It is one of Russia’s top major banks and is a systemically important institution. Otkritie Bank has 364 offices, located in 55 constituent entities of Russia, according to the financial organization’s website.