Trending now
Published: 12 june 2013 11:55

London court adjourns decision on extradition of former Snoras Bank owners

Vladimiras Antonovas ir Raimondas Baranauskas
„Reuters“/„Scanpix“ nuotr. / Vladimir Antonov (right) and Raimondas Baranauskas

A decision in the trial of Vladimir Antonov and Raimondas Baranauskas, former owners of Lithuania’s collapsed bank Snoras who are suspected of embezzlement, has been adjourned until late September.

Westminster Magistrates’ Court deferred the decision on the extradition of former Snoras’ owners to Lithuania after a private session, LNK TV reported on Tuesday night.

Before that, the court was expected to make a decision on Jule 8 whether to hand Antonov and Baranauskas over to Lithuania or not.

Antonov, Snoras' former biggest shareholder, and former board chairman Baranauskas have been named suspects in a case of large-scale embezzlement and document forgery in Lithuania. Lithuania has issued a European arrest warrant for their arrest.

Lithuanian prosecutors have brought suspicions against Antonov and Baranauskas of pocketing about 1.7 billion litas (EUR 492,8m) of Snoras assets. The two currently live in Great Britain and do not want to be handed over to Lithuania. Defense lawyers have attempted to prove that the case against them is politically motivated.

In November 2011, Lithuania's government decided to nationalize Snoras, and prosecutors opened a probe into fraudulent bookkeeping, document forgery, jobbery, embezzlement, and money laundering.

BNS
Naujienų agentūros BNS informaciją atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB „BNS“ sutikimo draudžiama.

Report mistake

Successfully sent

Thank you