MOSCOW, April 2 (RAPSI) – Ex-CEO of MiG-Rost Alexey Ozerov and ex-deputy CEO of Tupolev aircraft building companies Yegor Noskov have been convicted in the 800 million-ruble ($12 million) embezzlement case, the Investigative Committee of Russia reports Tuesday.

According to the statement, Ozerov has received 9.5 years in prison while Noskov has been sentenced to 8 years behind bars. Additionally, they have been ordered to pay hefty fines.

Depending on their role, the defendants have been found guilty of embezzlement, money laundering and abuse of power, investigators state.

According to the investigation, from 2004 to 2011, the defendants acting as members of a criminal group embezzled an expensive property belonging to MiG-Rost earlier controlled by the state, laundered it and abused therefore their power during the signing of a contract for the lease of a land plot in Moscow owned by the company. Investigators claimed that the defendants caused an 800-million-ruble damage to the state.

Assets of Ozerov and Noskov have been seized as part of the investigation.