Lithuanian businessman Raimondas Baranauskas will seek compensation from the state for the nationalisation of Snoras bank, he said in an interview released on Saturday.
Raimondas Baranauskas
© Reuters/Scanpix

"Of course, I want to restore what had been taken from me," he told the daily newspaper Lietuvos Rytas.

"Antonov has requested 557 million euros for his 68 percent bank shares. I will seek accordingly for my 25 percent," he added, referring to the other Snoras' owner, Vladimir Antonov.

Antonov has filed a lawsuit with a Moscow arbitration. The Lithuanian government claims it has no jurisdiction in the case.

In Lithuania, Baranauskas and Antonov are accused of stripping assets and funds worth over half a billion euros from Snoras, which was closed in 2011 amid a fraud probe.

Lithuanian justice authorities issued EU warrants for the arrest of Antonov and Baranauskas. They fled Britain last year after losing a bid to avoid extradition and currently live in Russia.

Data watchdog launches probe into journalist Cerniauskas' actions

Lithuania's State Data Protection Inspectorate said on Wednesday it had launched an investigation...

Economist: recession might probably happen in 10 years

A financial crisis in Europe might happen in ten years at the earliest, the Swedish financial...

Executives of two dairies slapped with fines for market abuses

The board of the Bank of Lithuania has imposed a fine of 200,000 euros on Linas Strelis, a member of...

Telecoms operators watching situation regarding Huawei

Following Google 's announcement that it has severed relations with Huawei , seen by Washington as a...

Swedbank's pension funds invest EUR 200 mln into sustainable business

Pension funds managed by the Swedbank financial group are investing 200 million euros, or a sixth...