MOSCOW, November 12 (RAPSI) – The Omsk Regional Commercial Court has declared a former CEO of Mostovik construction firm Oleg Shishov bankrupt and introduced a property sale procedure, according to court records.

A bankruptcy claim has been filed against Shishov by the Federal Tax Service of Russia.

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.