Russia’s Federal Security Service (FSB) has arrested a group of stockbrokers for illegally diverting 100 billion rubles ($3.2 billion) into offshore accounts.

The group, led by Roman Nedyalkov, “consisted of several professional participants of the stock market,” FSB said in a statement on Monday, November 28.

“More than 100 billion rubles have been diverted abroad via their accounts,” the statement read.

The men face up to seven years in jail for illegal banking activities, RIA Novosti reported.