The Financial Crime Investigation Service (FNTT) probe, headed by the Prosecutor General's Office, into possible financial crimes committed by the heads and shareholders of bank Snoras has advanced further.
© DELFI / Kiril Čachovskij

The Prosecutor General's Office has been cooperating with Swiss law enforcement agencies which collected and transferred documents highly important for the investigation.

The documents were submitted to the FNTT officers on 15 December in Zurich. After assessing their significance, the Lithuanian Criminal Police Bureau and Europol were addressed requesting to ensure the security of the documents and officers carrying them.

Cooperating with Swiss, German and Polish colleagues, the FNTT officers were escorted all the way from Zurich to the Polish-Lithuanian border.

As reported, the Lithuanian Government suspended licence for Snoras Bank on 16 November 2011. On 24 November 2011, the Bank of Lithuania addressed the court requesting to initiate bankruptcy proceedings. The bankruptcy proceedings were started on 7 December 2011.

The claims of the major creditor, the Deposit Insurance Fund, against bank Snoras amounted to LTL 3.99 billion (EUR 1.16 billion). By October 2014 bank Snoras which is undergoing bankruptcy proceedings has returned to the state via the Deposit Insurance Fund a total of LTL 1.88 billion (EUR 0.54 billion).

It is forbidden to copy the text of this publication without a written permission from ELTA.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Cadet school to open in Klaipėda next year

A cadet school will open in the Lithuanian port city of Klaipėda next September.

Some 29.6 pct of Lithuanians at risk of poverty in 2017 - Eurostat

Some 29.6 percent of the Lithuanian population were at risk of poverty or social exclusion in 2017,...

Secgen, other defendants acquitted in Lithuania's LBF corruption case

A Vilnius court on Monday acquitted Mindaugas Balčiūnas , secretary general of the Lithuanian...

Lithuania's FNTT finds illegal Ukrainian employee at Rimi supermarket

Lithuania's Financial Crime Investigation Service (FNTT) has identified a Ukrainian citizen...

Woman demands EUR 150,000 from Lithuanian hospital for sterilization without her knowledge

A woman is demanding a compensation of 150,000 euros from a hospital in Lithuania's southern city of...