The Lithuanian Prosecutor General's Office has ended its pre-trial investigation into actions of Neil Cooper, the outgoing administrator of the bankrupt bank Snoras, after finding no signs of criminal activity.
Neil Cooper
© DELFI / Tomas Vinickas

Prosecutors suspected Cooper of having illegally performed two financial transactions which caused 1.232 million litas (EUR 357,000) in damage. The money has been returned to the bank, the Prosecutor General's Office said in a press release on Tuesday.

An international financial consultancy, which was represented by Cooper, voluntarily transferred the entire sum into Snoras' account back in the summer, it said.

The Lithuanian government nationalized Snoras in November 2011 and a court opened bankruptcy proceedings against the bank in December of that year. The bank is currently in the process of liquidation.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Number of passengers travelling from Vilnius Airport by public transport has increased almost four times

Naturally the airport in Vilnius is the centre of intensive movement to and from which thousands of...

Lithuania will be a key player in shaping the future of blockchain in Europe and the world

Blockchain will transform digital services and Europe. It is acknowledged that Europe missed out on...

Oro Navigacija starts rebranding of its image by changing its logo

While undergoing the process of modernisation, the strategic company Oro Navigacija, whose mission is...

Nine percent increase in flight number in Lithuanian airspace

During ten months of this year, air traffic controllers handled 227.5 thousand flights in Lithuanian...

Survey: every eighth person in Lithuania has private health insurance

The results of a survey conducted in Lithuania showed that every eighth person has been ensured by...