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Ex-CEO of Mostovik Construction Firm Mr Oleg Shishov Files for Bankruptcy

Infra News - Published on Thu, 18 Jul 2019

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Court records showed that ex-CEO of Mostovik construction firm Mr Oleg Shishov has filed a petition for his own bankruptcy with a commercial court in Russia’s Omsk Region. He has debts totaling to RUB 477 million. In 2016, Mr Shishov was convicted and sentenced to 4 years in prison for evading about RUB 500 million in taxes.

According to investigators, between 2009 and 2011, Mr 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.

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Posted By : Mohan Sharma on Thu, 18 Jul 2019
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