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“.
|Populiariausi straipsniai ir video

Šimonytė: Lithuania's budget deficit to exceed 5 pct of GDP next year

Lithuania's budget deficit in 2021 will "inevitably" exceed the current projection of 5 percent of...

Air Baltic launches new flight from Vilnius

Air Baltic is on Tuesday launching flights between Vilnius and Kiev .

EU commissioner: Lithuania should cut other taxes if environment taxes are raised

Europe takes the view that taxes need to be balanced and if some taxes are raised, other taxes should...

Capacity at Salcininkai border checkpoint might drop for 4 days in December

The capacity of the Salcininkai international border checkpoint on the Lithuanian-Belarusian border...

Online payment business predicts double turnover for e-shops during Black Friday sale

Black Friday , one of the biggest sale campaigns across the Western world, will be slightly different...

Top news

Office: president and Anusauskas' defense priorities match

The priorities of Lithuanian President Gitanas Nauseda and Arvydas Anusauskas , candidate for the...

Lithuania posts 4-fold surge in coronavirus infections for November

Coronavirus infections surged four-fold in Lithuania in November compared to October and around 10...

Šimonytė: Lithuania's budget deficit to exceed 5 pct of GDP next year

Lithuania's budget deficit in 2021 will "inevitably" exceed the current projection of 5 percent of...

2450 new coronavirus cases

On Wednesday, 2 450 new COVID-19 cases were recorded in Lithuania . In total, the country has already...

Salvatore Babones | D+ nariams

The Quad’s Malabar exercises point the way to an Asian NATO

India, Japan, Australia, and the United States have a good model if they want to keep the peace...

|Maža didelių žinių kaina