MOSCOW, December 20 (RAPSI) – The Western-Siberian District Commercial Court has upheld a lower court’s ruling in favor of ex-CEO of Mostovik construction firm Oleg Shishov and refused to review an appeal filed by the company, the court’s ruling reads.

Earlier, a temporary manager of Mostovik Mikhail Kotov filed a motion seeking to bring Shishov to subsidiary liability. Kotov sought to recover 80.5 billion rubles ($1.2 million) requested by creditors as well as current debt.

On June 9, the Omsk Regional Commercial Court dismissed the request due to the lack of evidence. The Eighth Commercial Court of Appeals upheld the ruling on August 16.

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.