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.

BNS
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