New tax evasion probe opened into ex-CEO of prominent Russian construction firm
MOSCOW, March 14 (RAPSI) – A new tax evasion case was opened against ex-CEO of Mostovik construction firm Oleg Shishov, who had been earlier sentenced to four years in prison for evading about 500 million rubles ($8.8 million) of taxes, the Investigative Committee’s Omsk Directorate reported Wednesday.
According to investigators, in 2014, then Mostovik CEO intentionally avoided paying taxes worth 256.2 million rubles ($4.5 million). However, the suspect ordered to draw on the company’s assets totaling to 649.5 million rubles (about $11.5 million) for other purposes including granting of loans to affiliates and legal services, the statement reads.
In 2016, Shishov was convicted and sentenced to 4 years in prison for evading about 500 million rubles. 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.