Sverdlovsk region: Ex-United Russia Executive Board Head Rafael Shikhov goes bankrupt

Sverdlovsk region: Ex-United Russia Executive Board Head Rafael Shikhov goes bankrupt
Rafael Shikhov

The former politician and businessman went bankrupt following the Yekaterinburg administration’s lawsuit.

The Tyumen Region Arbitration Court declared famous businessman and former Yekaterinburg deputy Rafael Shikhov bankrupt, according to Znak. The businessman went bankrupt following the Yekaterinburg administration’s lawsuit worth 2.4 million rubles ($42,400) .

According to Znak’s estimates, the former head of the United Russia's executive board in the Sverdlovsk region has more than 100 million rubles ($1.76 million) of debt. However, the number may grow by another 90 million rubles ($1.59 million).

Shikhov ran into debt to the Yekaterinburg administration due to renting land from it, the case file reads. Bailiffs began investigating into Shikhov's case in 2011.

It is worth mentioning that bailiffs imposed a travel ban on him due to a 76.5-million ruble ($1.35 million) debt in 2012.

Moreover, Shikhov owes about 91 million rubles ($1.6 million) to the largest Yekaterinburg bank. He also owes 5.2 million rubles (about $92,000) to Investtorgbank and 20.5 thousand rubles ($362) to the Russian Federal Tax Service Directorate in the Tyumen region.

Shikhov does not really have money to pay off his debts. One Popov E. Yu. owes Shikhov 5,472,017 rubles (about $100,000) that can be used to pay off some of his debt, according to a court-appointed manager’s court statement. Moreover, Shikhov’s average monthly income was claimed to amount to 18 315 rubles ($323). Moreover, 224,550 rubles (about $4,000) worth of Shikhov’s property was sold to pay off debts, including security gates, photo camera, vacuum cleaner, closet, couch, iron, TV, razor, and 50% worn off Toyota Land Cruiser tires.

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