MOSCOW, October 30 (RAPSI) – Former top managers of the Financial Corporation Otkritie have filed appeals against the Moscow Commercial Court’s ruling recovering 289.5 million rubles ($3.6 million) from them in favor of the bank, according to court records.

The appeals against the September ruling have been lodged with the Ninth Commercial Court of Appeals.

Earlier, in late July 2019, the court arrested accounts of five former managers of the bank. An appeals instance upheld the ruling in September 2019.

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.