MOSCOW, June 25 (RAPSI) – The Levoberezhny District Court of Voronezh has sentenced ex-owner of Russia’s fieldstone manufacturer Pavlovskgranit Sergey Poymanov to a 3-year suspended prison term, finding him guilty of abuse of office, the press-service of the court has stated.

The defendant was also prohibited from holding management positions for 2 years.

Reportedly, Poymanov stripped share of Pavlovskgranit-Invest managing company in the capital of PNH Limited in 2011. As a result, the managing company’s equity stake initially decreased from 100 to 40 percent, and then to 1 percent. His actions allegedly resulted in a 930-million-ruble damage (about $16 million at the current exchange rate) to a managing company.

Later, the businessman allegedly ordered the head of Pavlovskgranit-Invest to sign a contract with Rosgranit company on the sale of 150 railway vehicles worth 257.3 million rubles (about $4.5 million). However, the sum was not paid in full and Pavlovskgranit-Invest therefore lost 170 million rubles ($3 million). General damage caused to the company was estimated at 930 million rubles, according to Kommersant newspaper.

Moreover, Poymanov is involved in a criminal case over resale of a batch plant in the city of Voronezh that led to a damage amounting to 10 million rubles ($170,000).

As previously reported, in November 2016, the U.S. company PPF Manegment LLC filed a lawsuit with the United States District Court for the Southern District of New York on behalf of Poymanov and his ex-wife Irina Podgornaya seeking to collect $750 million from Russia’s Sberbank, Sberbank CEO German Gref, Promsvyazbank and several other individuals and companies. The plaintiffs demanded $500 million in compensation for the loss of control over Pavlovskgranit and $250 million in compensation for moral damages.

The Moscow Commercial Court declared Poymanov bankrupt on July 21, 2016. Pavlovskgranit-Invest managing company was declared bankrupt 4 years earlier.