Lithuania's Prosecutor General's Office announced on Wednesday it's handing the former Snoras bank's criminal case to court.
Prosecutors hand Snoras case over to court
© DELFI (K.Čachovskio nuotr.)

Charges in the case are brought against the bank's former executives and shareholders Vladimir Antonov and Raimondas Baranauskas, both residing in Russia now, with Antonov sentenced to prison for fraud there.

The two are accused of appropriation and large-scale embezzlement of Snoras' assets, criminal bankruptcy, the legalization of illegally acquired assets, the bank's fraudulent bookkeeping, abuse and document forgery.

The prosecution service plans to provide more information at a press conference later in the day.

Snoras' activity was suspended in late 2011.

The pre-trial investigation in this case was completed in January, 2019. Prosecutors said then the damage caused by Baranauskas and Antonov to creditors, other bank shareholders and indirectly to the state was estimated at around 0.5 billion euros.

Based on information available to prosecutors, Baranauskas has been granted political asylum in Russia.

Lithuania's law enforcement suspects that 35 high-value transfers, ranging from 5 to 74 million euros), of money and securities were carried out from Snoras to personal accounts in Swiss banks from the fall of 2008 until the summer of 2011.

Also, two high-value illegal transactions involving Snoras assets were allegedly carried out from 2009 to 2011.

Russia has refused to provide legal assistance to Lithuania in this case.

British courts decided in 2015 to extradite Baranauskas and Antonov, who then lived in London, to Lithuania but they fled to Russia.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Tax revenue 15 percent short of target in March

The Lithuanian central government's tax revenue fell around 15 percent short of the target in March,...

Avia Solutions Group bought Bluebird Nordic

On the 24th of January 2020, Avia Solutions Group signed an agreement with BB Holding EHF for the...

GetJet Airlines set to lay off 370 employees

Lithuania's wet-lease and charter services provider GetJet Airlines has given lay-off notices to 370...

Avalanche of ideas developed in 'Hack the Crisis' hackathon

One of the most important tasks for hackathon organizers was to identify the most pressing issues,...

Lithuania and some other EU countries ask for Mobility Package postponement

Lithuania and "like-minded" EU member states are urging the bloc's bodies to postpone the...

Top news

"Take my kids": children from social risk families, elderly suffer from quarantine

Children from social risk families and elderly people have become even more vulnerable during the...

696 confirmed COVID-19 cases in Lithuania

On Friday, 3rd April, there were 696 confirmed novel coronavirus cases in Lithuania.

Tax revenue 15 percent short of target in March

The Lithuanian central government's tax revenue fell around 15 percent short of the target in March,...

Two flights from Minsk to Vilnius to take place on upcoming weekend

Two flights from Minsk to Vilnius will take place under exceptional conditions over the upcoming...

Disinformers take advantage of COVID-19 crisis

“Pharmaceutical industry denies the fact that vitamin C kills coronavirus ”, “Lithuania has...

|Maža didelių žinių kaina