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Ex-CEO of prominent construction firm files for bankruptcy

15:54 12/07/2019

MOSCOW, July 12 (RAPSI) – Ex-CEO of Mostovik construction firm Oleg Shishov has filed a petition for his own bankruptcy with a commercial court in Russia’s Omsk Region, according to court records.

According to the court, he has debts totaling to 477 million rubles (over 7.5 million).

In 2016, Shishov was convicted and sentenced to 4 years in prison for evading about 500 million rubles in taxes.  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 in taxes. He pleaded guilty.

Additionally, investigators alleged that Shishov embezzled 526 million rubles ($9.2 million) received as advance payment for construction of the Omsk ring road.

In March 2017, Shishov was released on parole.

In March 2018, investigators opened a new case against Shishov on suspicion of tax crimes.


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Ex-CEO of prominent construction firm files for bankruptcy

15:54 12/07/2019 Ex-CEO of Mostovik construction firm Oleg Shishov has filed a petition for his own bankruptcy with a commercial court in Russia’s Omsk Region.
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