“I have heard that Mr. Antonov is expecting the findings favorable to him and I am expecting unbiased findings. The commission has in fact been provided with huge amounts of information and documents hence it definitely had a possibility to develop a comprehensive view and to assess the situation objectively. I hope that the findings are unbiased in particular due to the fact that they will certainly affect judicial proceedings in the United Kingdom. It would be a pity if the individuals who are possibly behind the disappearance of billions-worth assets, escaped justice,” he said at a conference held by the news portal delfi.lt on Monday.
As estimated, Snoras has a shortfall of some 3.9 billion litas (EUR 1.13 b), including 1.033 billion litas in securities and cash held in Swiss banks, 550 million litas in Snoras’ balance-sheet loans that were subsequently transferred to offshore structures in the Cayman Islands and the British Virgin Islands, 760 million litas in pledged funds, 800 million litas in provisions against bad loan that have not been formed and close to 700 million litas in impairment of other assets, including the depreciation of Latvijas Krajbanka’s stocks.
The value of assets might definitely change, Vasiliauskas said adding that the latest information about Snoras’ assets would be provided at the creditors’ meeting that would be held on June 12.
“As far as the civil claims against former shareholders are concerns, it falls within the remit of prosecutors but it cannot be ruled out that the situation might definitely change as well...,” Vasiliauskas said.
Antonov and Raimondas Baranauskas, former Snoras’ president, are accused of embezzling 700 million litas.
Antonov and Baranauskas were detained in London in late November pursuant to a European arrest warrant issued by Lithuanian authorities. They are suspected of large-scale embezzlement, document forgery, while Baranauskas is also suspected of false accounting and abuse of his official position.
The extradition case against them was opened in London in late November of 2011 and will be heard in July.
2012-05-22 11:04
Findings by Snoras’ commission will expected to affect proceedings against Vladimir Antonov in UK
Vladimir Antonov, formerly the largest single shareholder of Lithuania’s Snoras, hopes that the findings by a parliamentary ad hoc commission on the bankruptcy of the commercial bank will be favorable as they will affect the proceedings ongoing in the United Kingdom, Vitas Vasiliauskas, the Bank of Lithuania governor, has said.
Former heads of Snoras bank Vladimir Antonov and Raimondas Baranauskas / Šarūno Mažeikos/BFL nuotr.
Report mistake
Successfully sent
Thank you
