Russia's Deposit Insurance Agency filed a lawsuit with the Moscow Arbitration Court to recover 37.3 billion Russian rubles from nine former managers of NOTA-Bank PJSC, whose license was revoked by the Russian central bank in 2015, legal news agency RAPSI reported.

The defendants in the case include the lender's former management board head Dmitry Erokhin, financial director Galina Marchukova and seven other managers, according to the Oct. 12 report.

The DIA's move comes after it became evident during the lender's bankruptcy proceedings that its former managers were involved in operations aimed at the illicit withdrawal of assets from the lender between 2014 and 2015.

Marchukova and her sister Larisa were earlier placed under house arrest over the embezzlement of 350 million rubles, while Russian law enforcement authorities had previously accused Erokhin and his brother Vadim of embezzling more than 2 billion rubles from the bank, the report noted.

As of Oct. 12, US$1 was equivalent to 66.21 Russian rubles.