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Former construction firm’s CEO convicted of tax evasion granted parole

14:03 16/03/2017

MOSCOW, March 16 (RAPSI) – The Sovetsky District Court in the city of Omsk has granted parole for ex-head of the Mostovik construction firm Oleg Shishov sentenced to four years in prison for evading 500 million rubles of taxes ($7.8 million), a court’s representative told RAPSI on Thursday.

Shishov was convicted and sentenced in September 2016. Prosecutors demanded a 5.5-year prison term for the defendant.

As it has been reported earlier, Shishov pleaded guilty and requested his case to be reviewed under a special procedure envisaging no examination of the evidence.

According to investigators, between 2009 and 2011 Shishov forged financial documents and tax declarations of Mostovik, falsely reporting completion of construction works in Vladivostok and other cities by outside contractors.

Investigators claimed that these contractors had not done any works and the projects were completed by employees of “Mostovik” itself. As a result, investigators said that Shishov evaded paying over 478 million rubles ($7.4 mln) in taxes.

Additionally, investigators alleged that Shishov embezzled 526 million rubles ($8.2 mln) received as advance payment for construction of the Omsk ring road.

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Former construction firm’s CEO convicted of tax evasion granted parole

14:03 16/03/2017 The Sovetsky District Court in the city of Omsk has granted parole for ex-head of the Mostovik construction firm Oleg Shishov sentenced to four years in prison for evading 500 million rubles of taxes ($7.8 million).
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