aA
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.

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

Official: ban on Ukrainian poultry imports won't affect our market

The European Commission's ban on imports of Ukrainian poultry meat and poultry products will have...

Some 200 new points of sale of illegal tobacco emerged

204 new points of sale of illegal tobacco emerged in Lithuania, with their number going up by a...

Tourism: Lithuania had biggest growth of nights spent in EU

In 2019, the number of nights spent in tourist accommodation in the European Union (EU) is expected...

No contamination found in Curonian Lagoon fish

Tests have found no contamination in fish from the Curonian Lagoon despite the release of untreated...

Debates started to get a grip on environmental polluters

The of Lithuanian Seimas during its extraordinary session on Thursday started deliberating a package...

Top news

Crazy about coffee: Ukrainian is looking for best cafe in Vilnius (4)

Some people have a passion. For Ukrainian student Oleksandra Kyryliuk coffee is her number one...

Plans to commemorate Baltic Way by naming roads

Lithuania plans to commemorate the Baltic Way , which took place more than 30 years ago, by naming...

Official: ban on Ukrainian poultry imports won't affect our market

The European Commission's ban on imports of Ukrainian poultry meat and poultry products will have...

Foreign ministry advised against travel to central China due to coronavirus

The Lithuanian Foreign Ministry has advised Lithuanian citizens against traveling to China 's central...

Number of barred people up as immigration grows

The number of people barred to enter Lithuania rose last year, and the country's State Border Guard...